Singapore stocks open lower on Friday amid global tech selloff—STI dropped by 0.6%

Singapore stocks open lower on Friday, July 19, following losses on Wall Street and Europe, driven by a selloff in technology stocks.

Yoma Strategic was the most actively traded stock by volume. However, it saw a significant drop, losing 6.6% or S$0.009 to S$0.128, with 8.3 million shares traded. Thai Beverage also saw heavy trading, rising by 1% or S$0.005 to S$0.505, with 5.1 million shares changing hands. Genting Singapore, on the other hand, fell by 0.6% or S$0.005 to S$0.855, with four million shares traded.

The Dow Jones Industrial Average dropped by 1.3% to 40,665.02, snapping a streak of three consecutive record highs. The S&P 500 fell by 0.8% to 5,544.59, and the tech-heavy Nasdaq Composite Index declined by 0.7% to 17,871.22.

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