Singapore shares open lower on Wall Street's tumble
SINGAPORE stocks opened on a downbeat note on Friday following Wall Street's tumble overnight.
The benchmark Straits Times Index opened down 8.91 points or 0.3 per cent at 2,931.57.
Three minutes into morning trade, some 49.3 million shares worth S$72.2 million had changed hands, with losers outnumbering gainers 71 to 37.
Among the most active counters were Geo Energy, Ezra Holdings and Sembcorp Marine.
US equity markets have soared the last three weeks as they shook off worries about the British vote to leave the European Union.
But the rally ended on Thursday as US stocks tumbled, pulled down in part by disappointing earnings reports from Dow members Intel and American Express.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Euro at highest to yen since 2008, markets nervy over Tokyo stepping in
Singapore stocks track Wall Street gains on Tuesday; STI up 1.5%
UBS lifts Chinese stocks to overweight in rare upgrade call
Asia: Most markets rise with earnings, US data in view
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
Stocks to watch: Clar, Keppel Reit, ESR-Logos Reit, Nanofilm, LHN