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Singapore shares open flat on Tuesday

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SINGAPORE share prices opened a marginal 0.03 per cent lower on Tuesday, with the Straits Times Index down 0.84 point to 2,665.67 at 9am.

On Wall Street, US stocks finished a choppy session lower on Monday, in a move attributed to profit-taking after mostly gains in the last two weeks.

The Dow Jones Industrial Average fell 123.47 points (0.74 per cent) to 16,516.50. The broad-based S&P 500 dropped 15.82 (0.81 per cent) to 1,932.23, while the tech-rich Nasdaq Composite Index shed 32.52 (0.71 per cent) to 4,557.95.

In Asia, Tokyo shares opened flat on Tuesday following a weak lead from Wall Street and as a stronger yen weighed on exporters.

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The benchmark Nikkei 225 index at the Tokyo Stock Exchange ticked 0.08 points higher to 16,026.84 shortly after the opening bell.

The broader Topix index of all first-section shares edged down 0.16 per cent, or 2.04 points, to 1,295.81.

On Singapore's bourse, Tuesday's most active counters were palm oil plantation company Golden Agri-Resources (flat at S$0.37); offshore oil and gas contractor Ezra Holdings (up 3.1 per cent to S$0.066); and telco Singtel (down 0.3 per cent to S$3.72).

Overall on the stock market, 70.7 million shares worth S$231.4 million changed hands, with gainers outnumbering losers 64 to 47 as at 9am.