Channel NewsAsia

Singapore shares sink 1.07%

Singapore share prices ended sharply lower on Thursday, following markets across Asia which fell as investors were spooked by data showing Chinese manufacturing activity shrank in January for the first time in six months.

SINGAPORE: Singapore share prices ended sharply lower on Thursday, in line with Asian markets.

Markets across Asia fell as investors were spooked by data showing Chinese manufacturing activity shrank in January for the first time in six months.

Regional markets were also given a soft lead from Wall Street, which ended mixed as a below-par corporate earnings season continued.

Singapore's blue-chip Straits Times Index (STI) sank 1.07% or 33.50 points to end at 3,100.24.

In the broader market, 2.7 billion shares worth S$1.33 billion changed hands. Losers overwhelmed gainers 311 to 130.

Banks were among the losers, with DBS falling 1.81% to S$16.84, OCBC retreating 0.83% to S$9.57 and UOB dipping 0.34% to S$20.30.
 

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