Singapore shares fall on Wuhan virus scare

SINGAPORE stocks slumped further on Tuesday, in line with most regional markets, as the emergence of a new virus from China and a sluggish economic outlook weighed on sentiment.

The Straits Times Index was down 1.09 per cent after lunchtime, but eventually regained some ground to close at 3,247.17, down 1 per cent or 32.92 points.

Decliners outnumbered advancers 350 to 138, or about three counters down for every one on higher ground. Trading remained active, with 2.67 billion securities worth S$1.11 billion changing hands.