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Singapore shares open lower on Thursday

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SINGAPORE shares opened lower on Thursday with the Straits Times Index down 18.13 points, or 0.63 per cent, to 2,880.17 at 9.09 am.

Some 63.1 million shares worth S$54.6 million changed hands with losers outnumbering gainers 93 to 33.

Index heavyweight DBS Bank and Singtel led the decline, shedding S$0.11 and S$0.03 respectively to S$17.36 and S$3.65.

US equities slid and the greenback held close to its strongest level in more than a decade while oil dropped from its highest close in 17 months, Bloomberg reported.

The S&P 500 Index fell 0.84 per cent or 18.96 points to 2,249.92 while the Dow Jones Industrial Average dropped 111.36 points to 19,833.68.

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