Singapore shares declined at midday on Friday, as property firms extended their losses after the government took new steps to cool the real estate market, and on fading optimism that European leaders will deliver a credible plan to solve its debt crisis.
At 1:00 p.m., the Straits Times Index (STI) <.FTSTI> was down 1.15%, or 31.31 points, at 2,697. Around 306 million shares worth $421.6 million were traded, compared with 390 million shares worth $488.7 million that changed hands by the same time on Thursday.
At 1:00 p.m., the Straits Times Index (STI) <.FTSTI> was down 1.15%, or 31.31 points, at 2,697. Around 306 million shares worth $421.6 million were traded, compared with 390 million shares worth $488.7 million that changed hands by the same time on Thursday.
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