Singapore shares fall at Tuesday's open tracking Wall Street retreat; STI down 0.37%

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Other active index counters included Singtel which fell 0.3 per cent or one Singapore cent to S$3.45, and AEM, which fell 1.5 per cent or three cents to S$1.93.

In the US, stocks retreated from last week's record highs on Monday, amid weak US manufacturing data and fresh trade worries. The Dow Jones Industrial Average fell 0.95 per cent to 27,784.06, the S&P 500 lost 0.86 per cent to 3,113.98 and the Nasdaq Composite fell 1.12 per cent to 8,567.99. Shares in Europe also posted their biggest daily drop in two months on Monday. Most major markets including Germany and France fell more than 2 per cent, due to a decline in global sentiment triggered by a reimposition of US metal tariffs on Brazil and Argentina.

Elsewhere in Asia, Tokyo stocks opened lower on Tuesday, weighed by a higher yen against the US dollar and Wall Street falls. The benchmark Nikkei 225 index declined 1.25 per cent to 23,235.55 in early trade, while the Topix index fell 1.1 per cent to 1,695.66.

Source: News Formal (newsformal.com)

 

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