FOOD Empire Holdings, which sells instant beverage and frozen convenience food to markets notably in Russia and Ukraine, came under renewed selling pressure on Friday morning.
As of 9.06am, the counter was trading at 37.5 Singapore cents, down 2 Singapore cents or 5 per cent. This is near its one-year low of 37 Singapore cents in May.
A Malaysia Airlines jet was downed over Ukraine last night, heightening geopolitical tensions.
Crimea, which was part of Ukraine, was annexed by Russia earlier this year.