Shares fell for the third day in a row on Thursday, with banking stocks some of the worst-hit, as investors shunned risk after Italy’s borrowing costs rose and data showed that China’s factory output shrunk in December.
Around 1:00 p.m., the Straits Times Index (STI) <.FTSTI> was down 1.4%, or 37.67 points, at 2,634.72. Around 386 million shares worth $458 million were traded, compared with 244.3 million shares worth $290.9 million on Wednesday.
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