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Singapore shares open lower after stocks fall in the US and Tokyo


THE Singapore market opened lower on Tuesday, following the retreat in equity markets in Tokyo, the US and Europe after the Shanghai stock exchange suffered its largest one-day fall of 8.5 per cent in eight years on Monday which sparked concern about global economic growth.

The Straits Times Index lost 14.85 points or 0.45 per cent to 3,298.57 as at 9.03am.

Some 103.1 million shares worth S$110.2 million changed hands, with losers outnumbering gainers 95 to 55. The most actively traded stocks by value included Keppel Corp, CapitaLand and SingTel, which all fell, while Singapore Exchange inched up.