Singapore shares open lower on Wednesday, STI down 0.7%
SINGAPORE stocks opened lower on Wednesday, with the Straits Times Index dropping 25.5 points, or 0.7 per cent to 3,466.42 as of 9.03 am.
This came as Asian markets, including Tokyo and Australia, took a beating in early morning trading after US top economic adviser and a key opponent of tarrifs, Gary Cohn, announced that he would resign from his post.
On the Singapore bourse, about 87.8 million shares worth S$122.9 million changed hands.
Losers outnumbered gainers 112 to 46.
The most actively traded counters were Genting Singapore which fell 1.77 per cent, or two Singapore cents to S$1.11 with 14.9 million shares traded; and CWX Global which was up 14 per cent or 0.1 Singapore cent to 0.8 Singapore cent with 9.9 million shares traded.
Other active index stocks included Keppel Corporation which fell 1.6 per cent to S$7.54, and UOB which was down 1.2 per cent to S$27.90.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
ETF popularity poised to stay as investors flock to diversification, stability
Stocks to watch: FLCT, Paragon Reit, AA Reit, Lendlease Global Reit, Far East Orchard, SIA
Europe: Shares close at highest in a week; Indra surges
US: Stocks rise again, extending rally
Morgan Stanley strategists see inflation as key for path of US stocks
US dollar soft on renewed Fed rate cut bets; yen on back foot