Sector headwinds, trade woes send Venture shares down 7% by midweek

Singapore

VENTURE Corporation shares continued to slide on Wednesday after analysts lowered their outlook on the company's earnings on concerns over global manufacturing sector headwinds and US-China trade issues.

After closing 4.9 per cent lower on Tuesday, shares in the electronics manufacturing services firm extended losses to close S$0.44 or 2.7 per cent down at S$16.02. At Wednesday's close, Venture's stock was down 7 per cent this week.