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Singapore shares open 7 points down


SHARES prices in the local bourse opened lower with the key Straits Times Index at 3,227.11, down 7.26 points.

Some 64 million shares worth S$81 million were traded with 65 counters up and 42 down.

The weak opening comes despite a robust showing in Wall Street - two key US stock indices, the S&P 500 and Nasdaq Composite, closed at record highs overnight on Thursday as stocks advanced for a sixth straight session buoyed by strong earnings reports from retailers.

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