It has been revealed, according to new reports of the fluctuating stock markets of the world, shares of Singapore market have seen a steep fall. This has come after the warning from the Federal Reserve about the United States they are going through a gloomy financial time, which had put off their shares by more than 2%.

It was further revealed that the Strait Times Index saw a fall of 1.7%, which ended at 2, 743.54 points.

There was total trade of about 576 million shares and they cost a total of $592 million in comparison of the 508 million shares that had been traded for a sum of $478 million at the same time a day before.

There were warnings issued by the Federal association about the weak disposition of the US economy which might seem to have negative effects on the entire world, like it had a few years ago.

"The sales volumes have not really gone up as fast as before, and if you look at recent launches at least in the last couple of months, prices have also stagnated", revealed Donald Chua, from the CIMB Research team.