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Singapore shares close 1% lower

SHARE prices in the local bourse finished on a low note on Wednesday with the key Straits Times Index falling 32 points or 1.09 per cent to 2,891.58.

Jitters over geopolitical tension after Turkey shot down a Russian fighter jet kept investors on the sidelines across the regional markets.

Some 985 million shares worth S$1.05 billion were traded. Losers outpaced gainers with 249 counters down and 166 up.