On 3 September 2020, US market crashed with Dow Jones tumbling more than 800 points while Nasdaq collapsed nearly 5%. Is this the end of the US stock market rally? Over in Singapore, Singtel share price is also not spared from the bloodbath as the counter crashed to a 12-year low.
Given the turn of events, the narrative for Singtel share price has turned sombre. Should investors run for their lives or keep faith with CEO Chua Sock Koong?
At current trading price of $2.25, Singtel share price is in a shambolic mess. We are talking about one of the leading lights in SGX and one of the major Straits Times Index (STI) components. How did Singtel share price decline to such abysmal levels is beyond my comprehension.