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Singapore shares headed for biggest daily loss in three weeks

Published on Feb 26, 2014 1:42 PM

SINGAPORE (Reuters) - Singapore shares edged lower on Wednesday in tepid trading, on course for its biggest daily loss in three weeks, as uncertainty in China's policy moves gave the regional market little direction.

The benchmark Singapore Straits Times Index was down 0.4 per cent to 3,091.43 by midday, with volume just about half of its 90-day average daily turnover.

China shares were sluggish early on Wednesday as the yuan fell below the official fix for a second straight day, adding to jitters about possible policy changes at next week's annual parliamentary meetings.

MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.3 per cent.

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