Singapore, Asia markets bleed as Wall Street rout deepens; YZJ Shipbuilding sinks over 5%

Asian markets opened lower on February 6, with significant losses following a sell-off in US tech stocks and cryptocurrencies. Yangzijiang Shipbuilding saw a 5.3% drop, losing over S$700 million in market capitalization, influenced by Maersk's earnings decline and job cuts. The Straits Times Index fell 0.7%, with DBS, OCBC, and Singtel also declining. Hong Kong's Hang Seng Index dropped 2%, while South Korea's Kospi fell 3.9%. The S&P 500 and Nasdaq 100 in the US also experienced losses, with Bitcoin's value halving in three months.