Singapore shares open lower on US stocks slip

SINGAPORE shares on Wednesday opened lower following Wall Street's overnight loss as shares of retailers and carmakers tumbled.

The benchmark Straits Times Index (STI) opened 0.98 per cent or 28.01 points lower at 2,828.66.

As at 9.03am, some 62.2 million shares worth S$82.4 million changed hands, with losers beating gainers 81 to 44.

Among the most active counters were Ezra, Noble and Ascendas Reit.