Singapore stocks slip at Tuesday's open; STI down 0.1%
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SINGAPORE shares opened slightly weaker on Tuesday, as the Republic continues to see a rise in community cases of Covid-19, including more infections linked to a Tan Tock Seng Hospital cluster discovered a week ago.
Eight more Covid-19 cases have been linked to the cluster, including five patients from Ward 9D, where the first case in the cluster was picked up, the Ministry of Health said on Monday.
The Straits Times Index (STI) dipped 0.1 per cent or 3.74 points to 3,181.02 as at 9.05am.
Losers outnumbered gainers 68 to 62, after 66.3 million securities worth S$65.9 million changed hands.
The most active counter by volume was Sembcorp Marine, which shed 2.4 per cent or 0.5 Singapore cent to 20 cents, with 17.4 million shares changing hands.
Other heavily traded counters include Thai Beverage Public Company, which rose 0.7 per cent or 0.5 Singapore cent to 71.5 cents, with 6.6 million shares traded. Meanwhile, AEM fell 6.2 per cent or S$0.25 to S$3.80, with two million shares changing hands.
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Banking stocks were mixed in early trade. DBS was down 0.5 per cent or S$0.15 to S$29.44, UOB edged up 0.04 per cent or S$0.01 to S$26.49, while OCBC rose 0.2 per cent or S$0.02 to S$12.16.
Other active index counters include CapitaLand, which declined 1.9 per cent or S$0.07 to S$3.60, and ST Engineering, which advanced 0.5 per cent or S$0.02 to S$3.82.
Stocks on Wall Street mostly gained on Monday on investor optimism over strengthening US economic growth. However, the Nasdaq fell due to weakness in Amazon and other tech counters.
The Dow Jones Industrial Average rose 0.7 per cent to end the day at 34,113.23, while the broad-based S&P 500 put on 0.3 per cent to 4,192.66. Meanwhile, the tech-rich Nasdaq lost 0.5 per cent to finish at 13,895.10.
In Europe, stocks closed higher on Monday after the European Commission outlined plans to loosen Covid-19 restrictions on tourism, while strong factory and retail sales data and a robust corporate earnings season added to the optimism.
The eurozone stocks index, which consists of markets in continental Europe, closed 0.6 per cent higher. The pan-European Stoxx 600 index added 0.6 per cent as well.
Elsewhere in Asia, the Tokyo and China markets are closed on Tuesday for a public holiday.
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