- POSTED: 07 May 2014 18:51
Singapore shares closed lower on Wednesday, following Wall Street losses and in line with a regional sell-off.
SINGAPORE: Singapore shares closed lower on Wednesday, following Wall Street losses and in line with a regional sell-off.
The benchmark ST Index drops 9.13 points, or 0.28 per cent, at 3,236.43 on turnover of S$1.01 billion.
Volume traded totalled 1.27 billion shares, as losers beat gainers 257 to 152.
Singapore Airlines eased 0.10 per cent to S$10.28 while United Overseas Bank also dipped 0.05 per cent to S$21.60.
Asian markets fell on Wednesday following a sell-off on Wall Street and at a time of growing tensions in Ukraine.
Investors are also awaiting the congressional testimony of US Federal Reserve head Janet Yellen, who will give her assessment of the health of the US economy later.
Dealers said it expects Yellen to reiterate the message that the Federal Reserve "was becoming more optimistic about the strength of the economy, after the winter slump in the beginning of the year".
New York's three main indices turned lower on Tuesday as Twitter dived nearly 18 per cent after the end of a lockup period for early shareholders, enabling them to sell for the first time since November's listing.
The Dow fell 0.78 per cent, the S&P 500 dropped 0.90 per cent and the tech-rich Nasdaq lost 1.38 per cent.