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Singapore's STI down 1.25 points at opening, following weakness in US markets, mixed session in Europe


SINGAPORE share prices opened lower on Tuesday with the Straits Times Index (STI) down 1.25 points to 3,483.14 as at 9.05am, following overnight losses in US market, and a mixed session in Europe.

This also comes as Singapore's central bank on Tuesday said it would keep its monetary policy unchanged, keeping the Singapore dollar on a "modest and gradual" appreciating path, with no change to the slope and width of the policy band and the level at which it is centred.

Top losers in early morning trade included Singapore Airlines and Great Eastern. The insurer said on Tuesday it has sold HK$4.31 billion (S$763 million) worth of shares in Hong Kong-listed China Life Insurance Company through its subsidiaries, bringing its stake in the latter to 1.79 per cent.

Some 243 million shares worth S$95.4 million changed hands, with gainers outnumbering losers 119 to 61.