SINGAPORE stocks closed lower for the fourth consecutive day on Tuesday (Oct 11) tracking a decline in most Asian markets following a negative session overnight on Wall Street.

The benchmark Straits Times Index (STI) fell 0.1 per cent or 2.47 points to close at 3,105.00.

Across the broader market, decliners outnumbered gainers 314 to 199 after 1.4 billion securities worth S$1.1 billion were traded.

Elsewhere in the region, key indices in Taiwan, Japan, and South Korea were among the decliners, tumbling between 1.8 and 4.4 per cent, as they resumed trading following a long weekend. 

Semiconductor stocks were among the losers in these markets, following a move by the Biden administration to curb China’s access to US semiconductor technology.

“Coming back from its holiday break, Japan and South Korea markets are catching up to previous global market losses, with their exposure to the tech sector spurring a greater extent of sell-off as mirrored in Wall Street,” IG market strategist Yeap Jun Rong said in a note.

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On the local bourse, shares of tech manufacturers also ended the day in the red with counters such as AEM Holdings, Frencken and UMS falling between 2.5 and 4.2 per cent. 

Venture Corporation was one of the bottom three STI performers on Tuesday, after its shares slipped 2.1 per cent to close at S$16.47.

Jardine Cycle & Carriage shares finished at the bottom of the index performance table after falling 3.4 per cent to S$33.90. 

Meanwhile, units of Keppel DC Reit climbed 2.4 per cent to close at S$1.71 ending the day as the top index gainer.