Straits Times Index closes marginally lower, as weak China data spark investor concerns
Share prices on the Singapore bourse fell with the benchmark Straits Times Index closing marginally lower by 2.15 points or 0.07 per cent to 3,086.64.
News that the Singapore economy grew by 4.1 per cent in 2013 which beat expectations failed to steer the index towards its fourth straight day of gains this week. Instead, traders focused on weak manufacturing data out of China which raised concerns over the strength of the world's second largest economy.
Other Asian bourses suffered bigger losses. Japan's Nikkei 225 slipped over 2 per cent while Hong Kong's Hang Seng fell 1.2 per cent. South Korea's Kospi lost 0.6 per cent. Australia's ASX 200 bucked the trend, rising marginally by 0.08 per cent.
Turnover in the local bourse stood at 1.58 billion shares worth $868.3 million. Losers pipped gainers 209 to 168 while 405 counters were unchanged.