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Singapore stocks fell on Wednesday—STI dropped by 1.7%

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Meanwhile, the S&P 500 declined by 2.1%, ending at 5,528.93. The tech-heavy Nasdaq dropped 3.3% to close at 17,136.3, marking a tough start to September

SINGAPORE: Singapore stocks fell on Wednesday’s open, Sept 4, following a night of losses in global markets.

In the broader market, 125 stocks dropped, and only 16 gained, with 50.9 million securities worth S$83.9 million exchanged. On the other hand, CapitaLand Integrated Commercial Trust fell by 4.2%, losing S$0.09 to trade at S$2.04. This drop came after the trust closed its private placement at S$2.04 per unit.

In the United States, Wall Street closed lower on Tuesday as semiconductor stocks, including Nvidia, retreated ahead of key jobs data due later in the week. The tech-heavy Nasdaq dropped 3.3% to close at 17,136.3, marking a tough start to September.

 

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