The Singapore stock market experienced a sharp decline and spike in volatility following China's devaluation of the yuan currency in August 2015. The Straits Times Index fell over 3% on the day of the yuan devaluation announcement and saw its percentage change swing from gains to losses, indicating increased uncertainty and risk aversion among investors over the effects of China's currency move.
The Singapore stock market experienced a sharp decline and spike in volatility following China's devaluation of the yuan currency in August 2015. The Straits Times Index fell over 3% on the day of the yuan devaluation announcement and saw its percentage change swing from gains to losses, indicating increased uncertainty and risk aversion among investors over the effects of China's currency move.
The Singapore stock market experienced a sharp decline and spike in volatility following China's devaluation of the yuan currency in August 2015. The Straits Times Index fell over 3% on the day of the yuan devaluation announcement and saw its percentage change swing from gains to losses, indicating increased uncertainty and risk aversion among investors over the effects of China's currency move.