| |
| |
 |
| |
|
| |
|
| |
|
SINGAPORE - Singapore shares fell 0.64 percent Tuesday on profit-taking, as sentiment was weighed down by falls in Chinese stocks on fears of possible monetary policy tightening by Beijing, dealers said.
The blue-chip Straits Times Index closed 17.90 lower at 2,779.98. Volume traded totalled 1.41 billion shares worth S$1.49 billion (US$1.08 billion).
There were 179 rising issues, 300 losers while 853 issues were even.
Chinese stocks fell 3.45 percent Tuesday after the country's banking regulator late Monday issued a stern warning to banks to strictly comply with capital requirements or face sanctions.
The move represents the latest signal that Beijing is worried about risks to the country's financial system after a year of robust lending, analysts there said.
Among local stocks, Singapore Airlines fell 16 cents to S$13.78 but Singapore Telecommunications was up three cents to S$2.96.
"I don't think the market will pull back very much," a trader at a bank-brokerage said.
"I don't expect any upside in the near term to be substantial either... We're now nearing the end of the year, and the market will get quieter."
- AFP /ls
|
