SGX shares fall after saying not in process of setting up link with Chinese stock market

SINGAPORE - Shares of Singapore Exchange (SGX) fell on Thursday morning, a day after the bourse operator quashed rumours that it was in the process of establishing a trading link with the Chinese stock market.

SGX shares hit $8.67 on Wednesday, their highest in nearly five years, on talk of such a link.

On Thursday, SGX was trading down 16 cents, or 1.86 per cent, at $8.43 at around 9:50am.

SGX said on Wednesday that it was not currently in the process of setting up a stock trading link that is similar to the Shanghai-Hong Kong Stock Connect. But, it added that it remains open to "future collaborations which benefit its partners and shareholders".