Singapore shares open lower on Wednesday
SINGAPORE stocks opened lower on Wednesday, with the Straits Times Index shedding 0.4 per cent or 14.57 points to 3,423.49 as at 9.04am.
This comes as Wall Street ended lower on Tuesday where investors continued to mull how an overhaul of the Senate's tax reform legislation could affect corporate earnings.
About 54.1 million shares worth S$79.6 million changed hands. Losers outnumbered gainers 73 to 44.
The most actively traded counter was Allied Technologies, which rose S$0.001 to S$0.083 with nine million shares changing hands. Other actives included Cosco Shipping International (Singapore) and Singtel.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Syngenta to withdraw China IPO application on weak market: sources
Chinese firms’ fundraisings in limbo as IPOs scrutinised at home and abroad
Japan FX chief calls yen’s slump unusual, vows to act if needed
Trump’s meme stock is skyrocketing but for how long?
Europe: Stoxx 600 closes second-straight quarter with gains
US: Dow, S&P 500 end at records, adding to Q1 gains