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Singapore shares close lower ahead of Yellen speech

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THE Straits Times Index on Friday closed down 19.28 points at 2,857.65, ahead of a key speech to be delivered by Federal Reserve chairwoman Janet Yellen that could indicate the timing of the next rate hike.

Volume was wispy at 592 million units worth S$655 million, with losers exceeding gainers in the Singapore market at 224 to 134.

Top losers included DBS and SIA.