Singapore shares begin afternoon trading on negative ground; STI at 3,453.22

SINGAPORE shares resumed trading on Monday afternoon in negative territory with the Straits Times Index at 3,453.22, down 0.7 per cent, or 25.98 points, on the day as at 1pm.

Losers outnumbered gainers 261 to 115, or about nine down for every four up, with about 1.23 billion shares worth S$766.4 million in total changing hands.

The most actively traded counter was Infinio, which rose 0.1 Singapore cent to 0.9 Singapore cent with 33.5 million shares changing hands. Other actives included Genting Singapore and QT Vascular.

Active index stocks included DBS, down S$0.25 or 0.88 per cent to S$28.16, and OCBC Bank, down one Singapore cent or 0.08 per cent to S$13.05.

Most South-east Asian stock markets fell on Monday, according to Reuters' reporting, following weakness in Asian and global shares after US President Donald Trump's pledge last week to impose tariffs on steel and aluminium imports sparked fears of a possible trade war.