Singapore stocks open lower on Friday—STI fell by 1%

Singapore stocks opened lower on Friday, August 2, following losses in global markets from the night before.

. In the US, stocks fell on Thursday. Weak manufacturing data raised concerns about the US economy, leading to a decline in major indices. The Dow Jones Industrial Average dropped by 1.2% to 40,347.97.The S&P 500 decreased by 1.4% to 5,446.68. The tech-heavy Nasdaq Composite Index fell more sharply, losing 2.3% to settle at 17,194.14.

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