STI down 28 points as Asian bourses tumble over Greece deadlock

SINGAPORE - Singapore stocks finished lower mirroring negative performance by Asian markets after another round of Greek bailout talks ended in a deadlock, and Shanghai index collapsed on fears that Chinese stocks are overvalued after a year-long advance.

The benchmark Straits Times Index (STI) was down 28.97 points, or 0.86 per cent, to close at 3,320.90.

A total of 1.18 billion shares changed hands with turnover of S$925.7 million. Decliners outnumbered gainers 256 to 181, while 526 others finished unchanged.

The STI index had lost 1.46 points, or 0.04 percent, to close at 3, 349.97 on Thursday.

Join ST's Telegram channel and get the latest breaking news delivered to you.