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SINGAPORE: Singapore shares were 1.41 per cent lower shortly after opening on Friday following Wall Street's heavy fall on dimmer prospects for an auto industry bailout.
The blue-chip Straits Times Index was down 25.35 points at 1,768.81.
Some 153.5 million shares exchanged hands, with losers beating gainers 88 to 76.
Other Asian financial markets were in the red Friday morning, with Japan leading the decline. Its benchmark Nikkei index plunged 3.21 per cent in early trade, or 279.69 points lower at 8440.86.
Sydney shed 1.57 per cent, or 56.50 points at 3541.50, South Korea's Kospi fell 1.67 per cent to 1135.17 and Taiwan edged down 1.17 per cent to 4,600.97.
Wall Street stocks hit the skids on Thursday as prospects dimmed for passage of a US$14-billion rescue plan for the troubled US auto industry after a key senator opposed the measure.
The Dow Jones Industrial Average dropped 196.33 points (2.24 per cent) to close at 8,565.09.
The Nasdaq composite shed 57.60 points (3.68 per cent) to 1,507.88 and the Standard & Poor's 500 sank 25.65 points (2.85 per cent) to 873.59.
- CNA/yb
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