- POSTED: 05 May 2014 17:35
- UPDATED: 05 May 2014 17:39
Singapore shares closed lower on Monday after a closely-watched survey indicated manufacturing activity in China slowed more than first thought in April.
SINGAPORE: Singapore shares closed lower on Monday after a closely-watched survey indicated manufacturing activity in China slowed more than first thought in April.
The benchmark ST Index ended down 10.95 points, or 0.34 per cent, at 3,241.60 on turnover of S$819.8 million.
Volume traded totalled 1.43 billion shares, as losers outnumbered gainers 256 to 167.
HSBC said on Monday its purchasing managers index (PMI) for China last month came in at 48.1, a tad up from the 48.0 in March but weaker than the 48.3 reported in its preliminary report on April 23.
A figure below 50 indicates contraction while anything above points to growth.
The result adds to fears for the world's number two economy and key driver of global growth following a series of weak data, including on trade and investment.
Beijing will release its latest trade and inflation statistics on Thursday and Friday.
Last week the government's official PMI reading came in at 50.4 for April from 50.3 in March.
Hong Kong shares tumbled 1.28 per cent, or 284.34 points, down at 21,976.33, while Shanghai reversed early losses to also end flat, edging up 0.99 points to 2,027.35.
Tokyo, Seoul and Bangkok were closed for public holidays.