Singapore shares open sharply lower on Wednesday amid US-Iran tensions; STI down 1.23%

SINGAPORE shares opened sharply lower on Wednesday amid rising geopolitical tensions. The US said Iran had fired"more than a dozen" ballistic missiles at 5.30pm on Jan 7 against two airbases in Iraq where US and coalition forces are based.Losers outnumbered gainers 175 to 24, after 147.6 million securities worth S$120.1 million changed hands.

Watch-listed AusGroup was the most traded counter by volume in the morning, unchanged at S$0.055 after 24.9 million shares were traded.Other actives included Yangzijiang Shipbuilding, which fell S$0.03 or 2.5 per cent to S$1.16 on 11.1 million shares traded, and Marco Polo Marine, down S$0.001 or 3.9 per cent to S$0.025 after 10.2 million shares changed hands.

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