THE Singapore market extended losses made in the early session, following Wall Street's delayed reaction to the US's move to raise tariffs on Chinese goods on Friday, driving uneasiness among investors hoping for a resolution to a US-China trade deal.
Shortly after the afternoon session commenced, volume was heavy at 1.05 billion securities traded, 83 per cent of the full-day average over the first three months of 2019. Meanwhile, total turnover came in at S$504.12 million. Meanwhile, Yangzijiang Shipbuilding was the bluechip index's most traded, with 17.8 million shares changing hands. The shipbuilder is trading S$0.02 or 1.3 per cent down at S$1.51.
On Tuesday, the Dow Jones Industrial Average shed 1.8 per cent to close at 25,967.05 and the S&P 500 slid 1.7 per cent to 2,884.16. Meanwhile, the tech-rich Nasdaq Composite Index fared worst, tumbling 2.0 per cent to 7,963.57.
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