Singapore shares open 1.37% lower on Tuesday


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A STEEP Wall Street rebound overnight on dovish Federal Reserve comments failed to bring cheer to the Singapore stock market when it started trading on Tuesday, after a one-day public holiday.

At 9.02am, the benchmark Straits Times Index was down 39.47 points or 1.37 per cent at 2,833.86.

Some 92.4 million shares worth S$99.6 million were traded, with losers outpacing gainers 151 to 34.

Elsewhere in Asia, stocks joined the US equity rebound in the morning trading on the back of a continued dovish tone from Fed policymaker Lael Brainard in her approach to US monetary policy. This followed a sell-off on Monday stoked by rising bond yields and talk that US rates might rise as early as next week.

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Epic Research Pte.Ltd

Epic Research is an ISO 9001-2008 certified company and a leading financial services provider with presence in global capital markets.Epic has offices and representatives in U.S.A., Singapore, Australia and Middle East. Headquarter of the company is in India. EPIC provides stock recommendation for SGX , KLSE which is based on technical &fundamental research, we have strong Research analyst team. itself as Investment Advisory Company that produces and delivers high accuracy stock recommendation and picks for the Singapore &Malaysia market .

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