Singapore shares open 0.42% down on Wednesday
SINGAPORE stocks slid on Wednesday morning, echoing similar movements in Asian markets elsewhere that were spooked by political uncertainties.
The benchmark Straits Times Index dipped 0.42 per cent, or 13.14 points, to 3,124.40 as at 9.01am.
Some 39.8 million shares worth S$70.2 million were traded. Losers beat gainers 73 to 49, or about six losers for every four gainers.
DBS and UOB were among the top losers. TIH Limited, a closed-end fund, and mosquito repellent maker Haw Par Corporation were some of the biggest gainers.
The STI's early retreat followed what other Asian markets were seeing. Equity indices in Japan, Australia and South Korea all fell after the S&P 500 Index slid for the fourth time in five sessions, Bloomberg reported.
Safe havens stayed in favour as gold and bonds climbed ahead of presidential elections in France and on escalating tensions between the US and North Korea, Reuters reported.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Hong Kong spot crypto ETFs to start trading next week
Greenback recovers from PMI slump, yen closes in on 155 per dollar
Hong Kong Stock Exchange bids farewell to first woman chair
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%
Brokerage Haitong removes long-term Hong Kong unit chief Lin, appoints new head
Asia: Stocks rise on earnings optimism as US data approaches