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Singapore shares open lower on Tuesday

SINGAPORE stocks opened lower on Tuesday, with the Straits Times Index falling 0.2 per cent or 6.14 points to 3,343.66 as at 9.03am.

This came as US stocks retreated from record highs overnight, bogged down by a drop in technology shares and poor performances from industrial heavyweights such as General Electric.

On the Singapore bourse, about 33.2 million shares worth S$57 million in total changed hands. The field was roughly evenly matched, with 64 gainers to 62 losers.

The most actively traded counter was Singtel, which was flat at S$3.740 with 4.3 million shares changing hands. Other actives included Jasper Investments and Hu An Cable Holdings.

Elsewhere, Japan's Topix index was up 0.2 per cent as at 9.28am in Tokyo, while the Nikkei 225 was flat. Australia's S&P/ASX 200 Index was little changed and South Korea's Kospi index was up 0.2 per cent, Bloomberg reported.

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