Singapore shares edge lower as caution reigns

Share prices on the Singapore bourse lost more ground today with the benchmark Straits Times Index (STI) heading to its fifth straight day of decline.

The STI fell 5.71 points or 0.19 per cent to 2,960.09.

Elsewhere, Asian markets closed mixed with Japan Nikkei 225 rebounding 1.2 per cent and South Korea's Kospi gaining 0.2 per cent. The Hang Seng in Hong Kong shed 0.6 per cent.

The recovery in some Asian markets were led by an overnight rebound in Wall Street on upbeat corporate earnings after a steep sell off previously.

Losers led gainers 211 to 159 while 414 counters were unchanged. Turnover stood at 1.85 billion shares worth $1.09 billion.

There is still a great deal of caution in the air as traders await the reopening of markets in mainland China on Friday after a long break for the Lunar New Year and US jobless data.

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