STI down 0.3% to 2,677.98 at 1 p.m.

Singapore shares may fall for a second straight day today after US stocks retreated on disappointment that the Federal Reserve gave no hints of new stimulus measures to offset the effects of the worsening European debt crisis, says Reuters.

On the domestic front, Singapore's economy is seen growing by 3.0$ in 2012, slowing from an expected 5.2% this year as the global economy and financial services sector cool, according to a central bank's survey of private economists released on Wednesday.

At 1 p.m., the Straits Times Index (STI) was down 0.3%, or 7.76 points, at 2,677.98. Some 244.3 million shares worth $290.9 million were traded, compared with 290 million shares worth $380 million on Tuesday.