- POSTED: 30 Sep 2013 19:51
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Singapore share prices ended 1.32% lower on Monday as concerns of a likely shutdown of the US government plagued global markets.
SINGAPORE: Singapore share prices ended 1.32% lower on Monday as concerns of a likely shutdown of the US government plagued global markets.
The blue-chip Straits Times Index (STI) closed 42.31 points lower at 3,167.87.
Traders were spooked by the latest row on Capitol Hill, with the US government on the brink of shutting down after the House of Representatives approved a Republican bill seeking to delay President Barack Obama's health care law.
Lawmakers now have until midnight Monday to reach an agreement to keep the government open, but analysts say the chances of a breakthrough are slim.
On the Singapore Exchange, 4.63 billion shares changed hands. Losers overwhelmed gainers 401 to 103.
Among the losers, real estate developer CapitaLand fell 2.52% to S$3.09, while United Overseas Bank was down 2.87% at S$20.67.