And just like that.
At 1955hrs this evening.
DBS dropped a bombshell.
It has S$700million in exposure to Swiber. To think that MAS was just warning the local banks a few days back.
Well done. Sign of things to come.
Update: After promising to reopen at 4pm,SGX promptly failed to do so and said the securities market would be closed for the day.
Thoughts: It's not unusual for such things to happen. You'd just have to bear the consequences for it.