Singapore shares slip on Tuesday as investors stay on sidelines

SINGAPORE shares slipped on Tuesday as the data-light session left traders in wait-and-see mode.

The benchmark Straits Times Index (STI) slipped 6.47 points or 0.2 per cent to 3,180.25 points.

Some traders were awaiting news from China's Communist Party meeting, which would shed light on Beijing's economic policies and agenda for the years ahead.

Others were weighing the odds of the United States Federal Reserve slowing its massive money-printing policy, after recent upbeat jobs data from the US.

Among the STI stocks, Sembcorp Industries fell two cents or 0.4 per cent to $5.30.

The slip came despite the conglomerate saying on Monday that net profit jumped 40.4 per cent to $254.4 million for the third quarter, on the back of a 30.8 per cent rise in revenue to $2.97 billion.

The stellar performance for the three months to Sept 30 was helped by gains from the initial public offering (IPO) for Sembcorp Salalah Power and Water Company, one of Sembcorp's jointly-owned units.