Singapore shares dip on China's yuan moves
STI drops as much as 1.6% but regains ground over the session to close 24.04 points or 0.75% lower at 3,170.47
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SINGAPORE stocks continued to take a beating on Tuesday as escalating US-China trade tensions rattled investors, but pared back early losses after Beijing moved to stabilise the yuan.
The Straits Times Index dropped as much as 1.6 per cent to a near two-month low but regained ground steadily over the session to close at 3,170.47, lower by 24.04 points or 0.75 per cent.
Losers outnumbered gainers 318 to 135, or about two stocks down for every one up. A total of 1.3 billion securities worth S$1.64 billion were traded.
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