Singapore stocks open lower on Wednesday; STI down 0.8%

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SINGAPORE shares started Wednesday on a softer note, with the benchmark Straits Times Index (STI) retreating 20.47 points or 0.8 per cent to 2,538.56 as at 9.01am. Read more at The Business Times.

Spackman's sponsor has said that it is up to the Singapore Exchange to decide whether the South Korean media player's proposed divestment of an associate is an interested-person transaction, and if the shareholders who will vote on the deal are independent.

Medtecs International gained S$0.06 or 4.2 per cent to S$1.48 on a cum-dividend basis, while SATS lost S$0.07 or 2.3 per cent to S$3.03. Over on Wall Street, US stocks hit further highs on Tuesday, though a drop in Apple's share price capped gains from positive developments in the US-China trade front, and fresh progress on vaccine developments.

 

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