Singapore stocks fall 3% as Covid restrictions tighten, travel bubble with Hong Kong likely delayed


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FAN Editor 1 hour ago A woman jogs past a cordoned off Merlion Park on June 12, 2020 in Singapore. Suhaimi Abdullah | Getty Images SINGAPORE — Singapore’s benchmark Straits Times Index fell 3% after the government announced further tightening in Covid-19 restrictions and the likelihood that the air travel bubble with Hong Kong may be delayed again. Aviation-related stocks were hit hard. Singapore Airlines dived 6.7% while SATS , an aviation catering and airport ground handling firm, fell 6.5%. The Singapore government said Friday it’s “very likely” that the travel bubble with Hong Kong will not begin on May...