Singapore shares open 27 points lower on Monday

THE Singapore bourse opened lower with the benchmark Straits Times Index falling 27.22 points to 2,836.59 as at 9.01 am on Monday.

Some 48 million shares worth S$89 million were traded with 32 counters up and 117 down.

US stock indices fell last Friday after a mixed August jobs report which provided little clarity on when the US Federal Reserve will raise short-term interest rates. Wall Street will be closed on Monday because of the Labor Day long weekend.