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Singapore index falls tracking regional weakness; CapitaLand hits 21-month low

Published on Mar 19, 2014 1:45 PM
 

SINGAPORE (Reuters) - Singapore shares eased on Wednesday, weighed down by poor performance of property stocks and tracking weakness in stock markets around the region before an all-important policy statement from the United States Federal Reserve.

The benchmark Straits Times index was down 0.6 per cent at 3,075.246 as of midday, while MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.2 per cent.

Shares of CapitaLand dropped as much as 1.5 percent to $2.70, their lowest in nearly 21 months, after the company said it had sold its remaining stake in Australia's Australand Property Group.

Hongkong Land Holdings led the loss with a 2.2 per cent fall, its sharpest daily loss in more than six weeks.

 
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