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Singapore: Shares down 1%

The Singapore market fell one per cent on Thursday, with the Straits Times Index retreating 31.47 points to close at 3,009.78.

The blue-chip index was dragged down by persistent fears over the Chinese economy as well as a slide in Brent crude that hammered energy stocks.

About 1.44 billion shares worth S$1.24 billion in total changed hands, which worked out to an average unit price of S$0.86 per share.

The most actively traded stock was Stratech Group, which fell S$0.008 to S$0.060 with 85.0 million shares changing hands. Other actives included MDR and Noble.

Losers outnumbered gainers 418 to 83, or about five down for every one up.