Despite stellar third-quarter earnings, Medtecs International fell 1.5 per cent or S$0.01 to S$1.35.
The trio of local banks slipped in early trade. UOB dropped 0.7 per cent or S$0.13 to S$19.57, OCBC declined 0.8 per cent or S$0.07 to S$8.67, while DBS shed 1 per cent or S$0.22 to S$21.10. US stocks closed lower on Wednesday, following dim stimulus prospects. Treasury Secretary Steven Mnuchin said that a new economic relief bill is unlikely before the November election,"just given where we are and the level of details".
The benchmark Dow Jones Industrial Average dropped 0.6 per cent to 28,514.00, the broad-based S&P 500 lost 0.7 per cent to end at 3,488.67, while the tech-rich Nasdaq Composite Index closed at 11,768.73 after slipping 0.8 per cent. Elsewhere in Asia, Tokyo stocks opened lower on Thursday. The benchmark Nikkei 225 index was down 0.4 per cent in early trade, while the broader Topix index fell 0.2 per cent to 1,640.22.For daily updates on weekdays and specially selected content for the weekend. Subscribe to