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Singapore shares open lower on Tuesday

Some of the parties in October's penny stock collapse have popped up in a couple of soured deals making their way through Singapore courts involving Malaysian dealmaker John Soh Chee Wen.

THE Straits Times Index (STI) opened lower on Tuesday, after Wall Street and the European markets ended Monday's trading with a weaker performance.

The STI was down 14.92 points or 0.58 per cent at 2,567.72 by 9.03am. Some 38.1 million shares worth S$73 million had changed hands, with gainers lagging losers 38 to 85.

United Overseas Bank, DBS, Jardine Matheson, and Haw Par were among those suffering the biggest losses at the start of trading.