STI gives up early gains to close 0.1% lower at 2,525.61

SINGAPORE shares reversed from their gains in the morning session to close 0.1 per cent or 3.03 points lower on Wednesday at 2,525.61, as markets continued to remain cautious about US pre-election fiscal stimulus talks.

Market watchers have cited concerns over too much focus being placed on fiscal stimulus packages from the United States.

"The one lesson we can take is that the US fiscal stimulus package remains the only thing financial markets are concentrating on, to the exclusion of everything else," said Oanda Asia-Pacific senior market analyst Jeffrey Halley, in a note.