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Singapore shares open 17 points lower on Monday

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SHARES in the Singapore bourse opened lower with the key Straits Times Index down 17.08 points at 3,099.95 at 9.02am.

Some 103 million shares worth S$81 million were done with 80 counters up and 74 down.

The pull-back is despite a strong showing by US stocks last Friday when the Dow posted its longest record-setting streak while the S&P 500 and the Nasdaq gained for a fifth consecutive week.

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