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Singapore shares open lower on Monday

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SHARE prices on the Singapore bourse opened lower on Monday by 6.79 points at 2,875.19, as major US stocks fell slightly in the last week, snapping a five-week rally on hints that the Federal Reserve could make two rate hikes this year - one as early as next month.

Some 406.1 million shares worth S$77 million changed hands as at 9.02am. Winners outpaced losers 69 to 38.

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