News Formal

Singapore stocks open lower on Friday—STI fell by 1%

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

In the broader market, 107 losers outweighed 28 gainers after 59.8 million securities worth S$106.8 million were traded

Singapore stocks opened lower on Friday, August 2, following losses in global markets from the night before.

. In the US, stocks fell on Thursday. Weak manufacturing data raised concerns about the US economy, leading to a decline in major indices. The Dow Jones Industrial Average dropped by 1.2% to 40,347.97.The S&P 500 decreased by 1.4% to 5,446.68. The tech-heavy Nasdaq Composite Index fell more sharply, losing 2.3% to settle at 17,194.14.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore Theatre Company returns to Singapore Repertory Theatre name after contentious rebrandTheatremakers who objected to the name change in February welcome SRT's latest announcement.
Source: The Straits Times - 🏆 8. / 63 Read more »

Why Singapore firms are entering the German market, and how Enterprise Singapore is helping themEnterprise Singapore, which champions internationalisation, said it has seen a spike in companies exploring opportunities in Europe post-pandemic.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »