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Singapore shares end 0.5% lower

Singapore shares ended 0.5% lower on Wednesday after Wall Street dropped overnight as investors reacted badly to downbeat US housing and consumer data.

SINGAPORE - Singapore shares ended 0.5% lower on Wednesday after Wall Street dropped overnight as investors reacted badly to downbeat US housing and consumer data.

In addition, markets were waiting for a statement from US Federal Reserve chief Janet Yellen on Thursday.

Singapore's benchmark Straits Times Index (STI) fell 15.37 points to end at 3,088.25.

In the broader market, 1.91 billion shares changed hands, with losers beating gainers 243 to 195.

Among the banks, DBS dropped 1.44% to S$16.45, OCBC lost 0.83% to S$9.55 and UOB retreated 0.67% to S$20.75 

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