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Singapore stocks end lower in line with regional sell-off

Singapore shares closed lower on Monday, in line with a broad regional sell-off following losses on Wall Street and tensions in Ukraine.

SINGAPORE: Singapore shares closed lower on Monday, in line with a broad regional sell-off following losses on Wall Street and tensions in Ukraine.

The benchmark ST Index ended down 24.86 points, or 0.76 per cent, at 3,242.71 on turnover of S$1.16 billion.

Volume traded totalled 1.68 billion shares, as losers outnumbered gainers 308 to 147.

DBS bank dropped 0.48 per cent to S $16.72 while SingTel gained 0.53 per cent to S$3.77.

The tech-rich Nasdaq led US shares down on Friday after a disappointing earnings report from Amazon.

The Dow Jones Industrial Average fell 0.85 per cent, the S&P 500 lost 0.81 per cent and the tech-heavy Nasdaq tumbled 1.75 per cent.

In eastern Europe, pro-Russian militants presented a captured team of international observers as "prisoners of war" in Ukraine on Sunday, adding fuel to the crisis as US President Barack Obama warned Moscow against "provocation".

Obama said Russia had "not lifted a finger" to implement a peace deal struck in Geneva on April 17 to ease the crisis.

He added that Moscow faced "consequences, and those consequences will continue to grow".

The US and its Western allies are planning a new round of sanctions against Moscow and on Monday Obama said they would target Russian firms and high-tech defence articles. 

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