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SGX Nifty down 16%, joins global stock market rout over Coronavirus

Earlier in the day, Indian stock markets had seen their worst daily crash since 2008 as the pandemic fuelled growth fears for the country's economy

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The market was down by more than 16 per cent at 9.20 pm IST, reflecting trends worldwide

BS Web Team
Singapore's SGX Nifty futures fell sharply on Thursday following a global stock market rout amid Coronavirus pandemic fears and US President Donald Trump's decision to restrict certain travel from Europe to the United States.

At 10:15 pm IST, the SGX Nifty was down 1,876.25 points, or 17.95 per cent, from its previous close at its day's low of 8,574.50. Its intra-day high was 10,266.00.

Earlier in the day, Indian stock markets had seen their worst daily crash since 2008 as the pandemic fuelled growth fears for the country's economy.

The National Stock Exchange (NSE) benchmark Nifty 50 plunged 8.3 per