Singapore shares open lower on Thursday

SINGAPORE shares opened marginally lower on Thursday following weak retail sales data released a day ago. This came even as the Wall Street saw a seven-session winning streak, helped by a round of robust economic data and ongoing optimism that President Donald Trump will cut corporate taxes.

At 9.03am, the Straits Times Index was 2.6 points lower at 3,085.88.

On the broader market, gainers outpaced losers 76 to 60. Some 137.3 million shares changed hands for S$99.4 million.