Singapore shares ease amid US budget talk uncertainty
REUTERS - Singapore shares headed lower for the fifth straight day, in line with regional markets, as investors cautiously watch the fight over the United States budget, which could hurt the recovery of the world's top economy.
The US Congress is currently struggling to pass a spending bill to keep the government funded beyond Oct 1, but that is just a taster for the fight over raising the debt limit.
The benchmark Straits Times Index fell as much as 0.8 per cent to a one-week low of 3,183.26 points in trading volume just about a quarter of the average turnover over the past month.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 per cent.