Singapore shares down 0.59% on Monday

Singapore shares fell on Monday amid a wider rout in Asia as investors took their money off the table following disappointing economic news coming out of China.

The local benchmark Straits Times Index shed 18.54 points, or 0.59 per cent, to 3,128.79.

Some 3.06 billion shares changed hands, valued at $787.8 million.

The top active was Mirach Energy, rising 3.3 cents to 20 cents on a volume of 505.6 million shares.

China's economy expanded 7.7 per cent in the fourth quarter from a year earlier, the National Bureau of Statistics said, down from 7.8 per cent in the previous three months.

The country's industrial production rose 9.7 per cent in December from a year earlier, data showed, down from a 10 per cent gain in November.

Shanghai stocks slipped 0.7 per cent on the news, while Hong Kong retreated 1.3 per cent.

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