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Weak Europe opening drags STI down

Index closes nine points lower despite early support from Hong Kong market; trading volume weak at S$1.1 billion

Published Tue, Oct 7, 2014 · 09:50 PM
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THE Straits Times Index on Tuesday drifted to a 9.25-point loss at 3,243.99. It was initially supported by a positive session for Hong Kong, but came under pressure between 4 and 5pm when Europe opened in the red across all markets. This was possibly due to news that the International Monetary Fund will cut

estimates for German economic growth in 2014 and 2015 to about 1.5 per cent for each year because of the crises in Ukraine and the Middle East.

Trading volume was a weak 1.4 billion units worth S$1.1 billion. Excluding warrants, there were 156 rises versus 251 falls.

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