- POSTED: 07 Jan 2014 19:51
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Singapore shares closed lower on Tuesday, retreating from early highs in line with weak Asian markets.
SINGAPORE: Singapore shares closed lower on Tuesday, retreating from early highs in line with weak Asian markets.
Elsewhere, Wall Street provided another negative lead as Chinese dealers continued to fret about the restart of initial public offerings, which they fear could lead to a share glut.
The ST Index ended down 2.94 points, 0.09 percent, at 3,120.88.
Volume was 3.874 billion shares worth S$1.17 billion, as gainers beat losers 232 to 193.
Transport company ComfortDelGro rose 2.29 per cent to S$2.01, while United Overseas Bank eased 0.62 per cent at S$20.72.
After a broadly positive year for global markets 2014 has started sluggishly, investors will eye the release on Wednesday of minutes from the US Federal Reserve's recent policy meeting.
Analysts will seek clues about whether officials will further cut a stimulus programme this month, after reducing it by US$10 billion a month to US$75 billion at the December meeting.