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Singapore shares open down 0.75% on Friday

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SINGAPORE shares reversed Thursday's gains in the opening minutes of trade on Friday. The Straits Times Index lost 21.43 points or 0.75 per cent to 2,839.75 points as at 9.03am.

A total of 34.8 million shares worth S$63.1 million changed hands. Losers outnumbered gainers 97 to 37.

Elsewhere, Tokyo shares opened 0.17 per cent lower, ahead of the outcome of a Bank of Japan policy meeting later today. The benchmark Nikkei 225 index lost 33.10 points to 19,320.46 in opening trade, while the broader Topix index of all first-section shares ticked down 0.12 per cent, or 1.94 points, to 1,562.77.