Singapore shares open lower as investors await China market's reopen; STI down 0.8%

Genting Singapore, the most traded counter by value, slipped S$0.005 or 0.6 per cent to S$0.855 on 5.6 million shares traded.

In banking stocks, DBS fell S$0.23 or 0.9 per cent to S$25.14, OCBC lost S$0.08 or 0.7 per cent to S$10.75, while UOB decreased S$0.14 or 0.6 per cent to S$25.52.amid mounting fears that the coronavirus outbreak will significantly dent global growth. The Dow Jones Industrial Average skidded 2.1 per cent, losing more than 600 points to finish the session at 28,256.03, the biggest decline since August.

The broad-based S&P 500 fell 1.8 per cent to 3,225.52, while the tech-rich Nasdaq Composite Index dropped 1.6 per cent to 9,150.94., taking losses last week to 3 per cent for its worst week in almost six months. On the month, it lost 1.2 per cent - its worst January since 2016.

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