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Singapore Stocks Retreat Lower After Selloff In Asian Markets

Singapore: Singapore Stocks opened lower on Thursday, with the Straits Times Index withdrawing 22.12 or 0.7 percent to 3,133.8 as at 9 am.

Decliners dwarfed advances 57 to 32, with about 22.2 million offers worth S$25.2 million exchanged.

The most traded counter was Spackman, which fell 6.45 percent to S$0.029 with 6.5 million offers evolving hands. Other actives included Thai Beverage and SingTel.

Singtel was the best gainer among record stocks, up 0.33 percent to $3.09 on the exchange of 1.6 million offers. Singtel said on Wednesday that it would bring its worldwide cybersecurity resources – including assets from units, for example, NCS and Optus – into Chicago-based Trust wave’s portfolio.

Top Gainer Stocks

Stock Last Change
Chemical Ind 0.74 0.075
China Yuanbang 0.26 0.064
Bukit Sembawang 5.56 0.05
Hupsteel 0.8 0.035
Best World 2.51 0.03

Top Loser Stocks

Stock Last Change
JMH USD 65.5 -1.4
JSH USD 37.83 -0.55
DBS 24.23 -0.42
UOB 25.32 -0.42
Jardine C&C 35.28 -0.33

Cityneon Holdings: Cityneon’s sans open buyout has fallen underneath the 10 percent level required under posting rules, said its buyout offered, who stays purpose on delisting the organization in the wake of gaining it. Stocks on trader’s radar-based recent news

BreadTalk Group: BreadTalk enters Europe with Din Tai Fung’s London lead. The Taiwanese eatery well known for its xiao long bao (steamed pork dumplings) opened its entryways without precedent for London’s West End on Wednesday to much pomp. Commotion Tai Fung’s lady raid into Europe is led by Taster Food UK Limited, an aberrant entirely claimed backup of Singapore-based BreadTalk Group.

StarHub: StarHub uncovered three new SIM-just plans in its first customer portable offering since new CEO Peter Kaliaropoulos flagged a rebuilding in October. The model is related with portable virtual system administrators (MVNOs), which rent the range from versatile system administrators (MNOs, for example, StarHub.

 

World Market

The U.S. securities exchange is closed yesterday, however, advertises somewhere else are open for business—and not doing as such well.

Europe’s Stoxx 600 has fallen 0.7% to 355.93, while the Asia Dow has dropped 1% to 3,242.77. And keeping in mind that those business sectors are down, the harm is far not as much as that endured by U.S. stocks yesterday: The Dow Jones Industrial Average dropped almost 800.

That is ascribed to remarks from the China Ministry of Commerce, which said that it will establish the understandings came to with the U.S., conveying somewhat more conviction to the market about the condition of exchange.

Actually, U.S. fates have even been exchanging also and making back a modest part of yesterday’s misfortunes. S&P 500 prospects have risen 0.5%, while Dow Jones Industrial Average fates have progressed 0.4%.

Not terrible for a day away from work.

Index Last Change%
Dow 30 25027.07 -3.1
S&P 500 2700.06 -3.24
Nasdaq 100 7158.43 -3.8
FTSE 100 6921.84 -1.44
DAX 11200.24 -1.19

 

Currency Market

The Dollar rise against SGD after dollar index rose yesterday, USD/SGD pair trades at 1.3702. Previous it closed at 1.3669.

Daily trading Range: 1.3667-1.3705

 

Commodity Market

Gold Price: Gold traded below yesterday’s 5-week high trading near $1240 per ounce as Asian and European stock markets extended Wall Street’s steep drop amid forecasts of a US economic recession after the yield curve on Washington’s debt briefly inverted.

Gold trade in Range of $1230-$1242

 

 

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