Singapore stocks open lower on Monday; STI down 0.6%

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SINGAPORE shares continued their decline on Monday morning from the week before. Read more at The Business Times.

Other active index counters include the Singapore Exchange, which gained 2 per cent or S$0.16 to S$8.33. The bourse operator on Thursday evening surprised with aper share, up from 7.5 cents a year ago, on a strong set of results.

Keppel Corporation lost 2.3 per cent or S$0.23 to S$5.17. Over the weekend, the Temasek Holdings unit that last October made a voluntary pre-conditional partial offer for Keppel said it will decide by end-August whether toSingapore Airlines lost 2.3 per cent or S$0.08 to S$3.34. The airline has after posting a record quarterly loss, including deeper pay cuts for the bosses, a 10 per cent salary reduction for other employees, and early retirement for pilots and ground staff.after large tech companies reported strong earnings, and Washington policymakers haggled over another round of fiscal support.on Friday since a market sell-off in March as growing doubts over a global recovery from the coronavirus crisis overshadowed a batch of strong earnings from technology firms.

 

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