Stocks continue to slip on China worries

THE local stock market underwent another soft session on Tuesday with the Straits Times Index dropping 17.7 points or 0.6 per cent to 3,049.65 and the broad market excluding warrants recording 111 rises versus 354 falls. Turnover was a moderate 1.5 billion units worth S$1.2 billion and sentiment, which has been weak for several weeks, remained soft on worries over China's yuan devaluation last week.

Over in Hong Kong, the Hang Seng Index lost 1.4 per cent as the Shanghai Composite Index plunged 6.1 per cent, …