Singapore stocks tumble as strict virus curbs return


Office workers scan a Safe Entry QR code to enter a mall, amid the coronavirus disease (COVID-19) outbreak in Singapore May 12, 2021. REUTERS/Dawn Chua

BENGALURU: Singapore stocks tumbled more than 3% on Friday after the city-state's imposition of the strictest COVID-19 curbs since last year stoked worries of a potential unravelling of its nascent recovery.

Most Asian stocks, however, strengthened on reassurances from the U.S. Federal Reserve that a spike in inflation was temporary, with China and South Korea shares advancing 1.7% and 1.1%, respectively.

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