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Singapore stocks open lower on Wednesday; STI down 0.7%

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SINGAPORE shares opened lower for the third straight day on Wednesday, amid mounting concerns over the fast-spreading novel coronavirus variant in Britain as well as underwhelming US economic data following a spike in local infections and deaths. Read more at The Business Times.

The trio of local banks were down in early trade. DBS fell 1.1 per cent or S$0.27 to S$24.78, UOB declined 1.2 per cent or S$0.27 to S$22.31, while OCBC slipped 0.9 per cent or S$0.09 to S$9.93.after choppy trading despite overwhelming approval in Congress of the long-awaited US$900 billion relief package.

The benchmark Dow Jones Industrial Average lost 0.7 per cent to finish at 30,015.51, the broad-based S&P 500 slipped 0.2 per cent to 3,687.26, but the tech-rich Nasdaq Composite Index bucked the trend, gaining 0.5 per cent to end at a new record of 12,807.92., demanding bigger payments and calling the Covid-19 relief bill a"disgrace".on Tuesday, driven by optimism over Brexit and US stimulus news.

 

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Singapore stocks open lower on Monday, tracking Wall Street tumble; STI down 0.5%SINGAPORE shares fell when trading began at the start of the week, with the Straits Times Index (STI) retreating 15.10 points or 0.5 per cent to 2,887.42 as at 9am on Monday. Read more at The Business Times.
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