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.