S'pore shares fall as strong US jobs data raises fears of monetary tightening

The Singapore market fell on Monday, as better-than-expected jobs data from the United States last Friday raised fears that the US Federal Reserve could soon slow down its money-printing programme.

The benchmark Straits Times Index fell 14.26 points, or 0.45 per cent, to 3,155.47 points. Across the market, losers outnumbered gainers 259 to 116.

Real estate investment trusts did worse than the general market, tumbling 2.13 per cent.

Yield plays like Reits have suffered since May, with worldwide government bond yields rising, including the United States safe-haven bonds.