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Singapore stocks finish weaker on US-North Korea worries

Cromwell European Real Estate Investment Trust (Cereit), a Singapore Reit with portfolio of assets in Europe, has received an Eligibility-to-List (ETL) nod from the Singapore Exchange for its estimated one billion euros (S$1.6 billion) initial public offering (IPO).

TENSIONS surrounding North Korea's planned missile tests and the potentially harsh US retaliation that might ensue brought the sellers out on Friday and sent the Straits Times Index down 43.52 points or 1.31 per cent to 3,279.72.

For the week, the index lost 47 points or 1.4 per cent. Turnover in recent days has increased - on Thursday, a hefty S$1.8 billion was done, falling back on Friday to a still-decent 2.7 billion units worth S$1.5 billion. Excluding warrants, there were 129 rises versus 344 falls.

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