Singapore shares end the week lower

THE sell-offs continued on Friday, erasing gains earlier in the week as investors get jittery about the US tax cuts pushing through.

The benchmark Straits Times Index lost 18.84 points or 0.55 per cent to end at 3,416.94. For the week, the index lost nearly eight points.

Turnover came in at 1.5 billion worth S$1.3 billion, with the advance-decline score 173 to 209.

Overnight on Wall Street, equities fell following news that Republican Senator Marco Rubio was considering voting against a final tax cut deal if certain demands were not met.