Singapore shares fall 1.29% on fears of military strikes in Syria

Singapore shares were lower on Wednesday, with the Straits Times Index down 39.36 points or 1.29 per cent to 3,015.42.

Investors were spooked by the impending possibility of United States military strikes against Syria.

Across the bourse, decliners outnumbered gainers 267 to 137.

Hutchison Port Holdings Trust slipped half a US cent or 0.7 per cent to 72 US cents. The general market weakness dragged down the stock, despite OCBC Investment Research initiating coverage on the stock with a "buy" call.