Singapore shares buck regional gains on Tuesday; STI down 0.2%

SINGAPORE shares fell marginally on Tuesday (Feb 14) as traders stayed on the sidelines, anxiously awaiting key US inflation data for more clues on rate movements in the world’s largest economy. Measures announced in the Singapore Budget 2023 also gave investors plenty to digest.

The Straits Times Index (STI) slipped 6.5 points or 0.2 per cent to 3,318.20. On the wider bourse, losers outnumbered gainers 252 to 248 after 1.2 billion securities worth S$880.4 million changed hands.

Most other key gauges in the region finished higher, including Japan, Taiwan, China and Malaysia to South Korea and Australia, tracking Wall Street’s overnight gains. Besides Singapore, Hong Kong also bucked the trend to close lower.