Singapore shares extended losses on Monday, as the death of North Korean leader Kim Jong-il fuelled uncertainties in the market at a time when investor confidence was already battered by the euro zone's worsening debt crisis, reported Reuters.
Stocks of banks and commodity firms such as Noble Group in Singapore were amongst the worst hit, hurt by fears that a global economic slowdown would hurt their earnings.
At 1 p.m., the Straits Times Index (STI) was down 1.51%, or 40.58 points, at 2,618.64. Around 376.6 million shares worth $388.2 million were traded, compared with 532.9 million shares worth $244 million that changed hands by the same time on Friday.
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