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Singapore shares open 0.24% lower on Friday

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SINGAPORE stocks slid on Friday morning at market open, with losers beating gainers three to one.

This comes after a sell-off overnight in the US prompted stocks there to slide to their lowest in weeks.

The benchmark Straits Times Index in Singapore was down 0.24 per cent, or 7.83 points to reach 3,218.51 as at 9.04 am on Friday.

Some 63.4 million shares worth about S$74.1 million changed hands. Losers beat gainers 95 to 31.

In the US, the S&P 500 Index closed below its 50-day moving average for the first time in seven weeks, with yield-sensitive shares leading losses, Bloomberg reported.

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