Singapore: STI opens lower on weaker Wall St close, eyes China's new bank requirements

SINGAPORE share prices opened lower on Monday, amid uncertainties after China cut its bank reserve requirements, with the Straits Times Index down 4.23 points to 3,520.96 at 9.02am. US and European markets closed lower on Friday, as pressure continues to mount on a potential Greece debt default, with the International Monetary Fund meetings ending with Greece issues unresolved.

Top losers in early morning trade included Sembcorp, which fell one cent to S$4.70, and DBS, which fell eight cents to S$21.11.

Some 258 million shares worth S$112.2 million changed hands at 9.02am, with gainers being outnumbered by losers 56 to 128.