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Singapore Wrap Tuesday
The Singapore dollar (SGD) fell through S$1.43 on Tuesday, to a fresh six-year low, on increased concerns over global growth.
The Singapore property auction market saw S$27.6 million of deals in the third quarter of the year, more than double the S$10 million seen in the second quarter though slightly below the S$31.7 million seen a year ago.
The Singapore bond market is holding up rather well amid a stockmarket selloff and currency jitters, as bond investors remain comfortable with local issuers.
Singapore's total offshore trade turnover for commodities hit US$1.3 trillion in 2014, said International Enterprise (IE) Singapore on Tuesday.
JTC has launched a tender to sell two confirmed list sites at Tampines Industrial Drive (Plot 3) and Tuas South Link 2 (Plot 5) under the second-half 2015 Industrial Government Land Sales (IGLS) programme.
The STI today
Another day, another new low, though in the end it could have been a lot worse. The Straits Times Index (STI) on Tuesday fell for a fifth consecutive session to reach a fresh 38-month low of 2,787.94, its 3.98-point loss coming in the wake of a large - but not wholly unexpected - blowout on Wall Street that triggered selling pressure throughout the region.