Tuesday, Jun 16, 2015

Singapore shares dragged below 3,300 as global equities sell-off leads to slump

PUBLISHED ON JUN 16, 2015 3:16 PM

BY GRACE LEONG

SINGAPORE - A continued sell-off in global equities led Asian stocks lower, dragging Singapore shares below the 3,300 support level again.

As at 2.27 pm, the benchmark Straits Times Index sank to as low as 3,295.11, down 28.02 points, or 0.8 per cent.

Asian shares slumped for a second day, led by Chinese equities as investors eyed the outcome of a two-day Federal Reserve meeting on monetary policy, which begins today; and euro-area finance ministers discuss Greece's debt crisis on June 18.

The Shanghai Composite Index retreated 3.3 per cent amid concern a flood of share sales may lure funds away from existing equities.

NEXT STORY: Singapore shares open 0.53% lower on Tuesday

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Midtown Blogger/Manhattan Valley Follies

Translation from English

Tuesday, June 16, 2015

Singapore Straits Times- Market Slump

Singapore shares dragged below 3,300 as global equities sell-off leads to slump

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