Singapore stocks finish lower

WALL Street's Tuesday slide brought some pressure to bear on local stocks on Wednesday but as far as the Straits Times Index was concerned the selling was well-absorbed. After losing 16 points at one stage, the STI finished a net 3.83 points lower at 3,215.7.

The broad market, however, underwent a soft session, finishing with 142 rises versus 288 falls excluding warrants. Turnover was two billion units worth S$1.1 billion versus S$936 million on Tuesday.