Singapore shares slip at midday, weighed by telcos
REUTERS - Singapore shares were slightly lower on Wednesday, weighed by telecommunication operators StarHub and Singapore Telecommunications.
The Straits Times Index was down 0.2 per cent at 3,239.33 points, in line with MSCI's broadest index of Asia-Pacific shares outside Japan.
StarHub shares declined 2.5 per cent, while SingTel fell around 1 per cent.
SingTel, Southeast Asia's largest telco firm, reported a 7 per cent rise in first-quarter net profit but warned of falling revenue due to the weakening Australian dollar.