Singapore stocks open lower, tracking Wall Street tumble; STI down 0.4%

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SINGAPORE shares opened lower on Tuesday, tracking sharp losses on Wall Street overnight. Read more at The Business Times.

Other active counters include Thai Beverage, unchanged at S$0.59 with 3.3 million shares traded, and Sembcorp Marine, which slipped 0.1 Singapore cent or 0.8 per cent to 13.1 cents after 2.7 million shares changed hands.

All three local banks lost ground in early trade. DBS fell S$0.06 or 0.3 per cent to S$21.24, UOB dropped S$0.17 or 0.9 per cent to S$19.68, while OCBC declined S$0.05 or 0.6 per cent to S$8.69., driven down by fading hopes for a stimulus package, mounting worries over rising coronavirus cases in the country, and jitters about the Nov 3 presidential election.

The Dow Jones Industrial Average tumbled 2.3 per cent to end at 27,685.38, a loss of 650 points. The broad-based S&P 500 fell 1.9 per cent to 3,400.97, while the tech-rich Nasdaq Composite Index shed 1.6 per cent to 11,358.94.. The benchmark Nikkei 225 index was down 0.7 per cent or 170.04 points at 23,324.30 in early trade, while the broader Topix index declined 1 per cent or 15.93 points to 1,603.05.For daily updates on weekdays and specially selected content for the weekend.

 

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Singapore stocks open flat amid cautious tradingSINGAPORE shares opened flat on Monday amid cautious trading, after a mixed close on Wall Street last Friday. Read more at The Business Times.
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