Singapore shares lose 20 points as Asian markets remain weak

ASIAN stock markets remained weak for another day on the back of growing concerns that the already delayed US tax cuts could be further pushed back and sluggish Chinese data.

On Tuesday, the benchmark Straits Times Index (STI) lost 20.04 points or 0.59 per cent to end lower at 3,399.09.

Across Asia, Tokyo's Nikkei, Seoul's Kospi, Hong Kong's Hang Seng and Australian shares were down, while New Zealand equities were up.

Turnover for the day in Singapore came in at 2.6 billion worth S$1.7 billion, while losers beat gainers 322 to 149.

Among the most active counters were Cosco Shipping International, Global Logistic Properties and Singtel.