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Singapore stocks fell on Monday—STI dropped by 0.2%

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The S&P 500 dropped 1.7% to 5,408.42. The tech-heavy Nasdaq Composite Index also declined, falling 2.6% to 16,690.83

Singapore stocks fell on Monday’s open, Sept 9, following a global downturn that saw stocks decline last week.

In the broader market, 62 losers outnumbered 30 gainers after a total of 32.4 million securities valued at S$21.1 million were traded. Other actively traded stocks included Advanced Systems Automation, which increased 30%, or S$0.006, to S$0.026. MM2 Asia, a Singapore-based entertainment group, also saw gains of 12.5%, increasing S$0.002 to S$0.018.

US markets finished lower as concerns over weak jobs data pointed to a slowing economy. The Dow Jones Industrial Average closed 1% lower at 40,345.41, while the S&P 500 dropped 1.7% to 5,408.42.

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