SINGAPORE – A new wave of Covid-19 in Singapore may have dented investor sentiment but economic damage will depend on how long the renewed mobility curbs last, analysts said.

A rise in local cases, since the recent discovery of a cluster at Tan Tock Seng Hospital, some infected with a variant of the coronavirus identified in India, has dragged the local stock market’s benchmark Straits Times Index down to its lowest levels in about six weeks.

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