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Singapore shares open 1.37% lower on Tuesday

Tuesday, September 13, 2016 - 09:17
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A STEEP Wall Street rebound overnight on dovish Federal Reserve comments failed to bring cheer to the Singapore stock market when it started trading on Tuesday, after a one-day public holiday.

At 9.02am, the benchmark Straits Times Index was down 39.47 points or 1.37 per cent at 2,833.86.

Some 92.4 million shares worth S$99.6 million were traded, with losers outpacing gainers 151 to 34.

Elsewhere in Asia, stocks joined the US equity rebound in the morning trading on the back of a continued dovish tone from Fed policymaker Lael Brainard in her approach to US monetary policy. This followed a sell-off on Monday stoked by rising bond yields and talk that US rates might rise as early as next week.