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Singapore shares open lower on Wall St's overnight sell-off

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The selling which has marked the start of 2016 returned on Thursday with a vengeance with the Straits Times Index plunging 51.93 points or 1.9 per cent to 2,644.57.

SINGAPORE shares open lower on Thursday following Wall Street's overnight steep sell-off, sparked by data from the Energy Information Administration, which showed a rise in US crude inventories last week.

The benchmark Straits Times Index (STI) opened down 1.63 per cent or 43.83 points at 2,652.67 at 9.02am.

Some 54.2 million shares worth S$107.7 million changed hands, with losers outnumbering gainers 123 to 21.

Among the most active counters were APAC Strategic, Stratech Group and Ezra.