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Business
 

Singapore index edges down; Hongkong Land leads losses

Published on May 2, 2014 2:10 PM
 

SINGAPORE (Reuters) - Singapore shares edged down on Friday on the back of a muted performance on Wall Street and uninspiring China manufacturing data, while the broader Asian market fared slightly better.

The benchmark Straits Times Index fell 0.4 per cent to 3,252.05, while MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 per cent.

Hongkong Land Holdings led losses on the index, plunging 4.1 per cent to an intra-day low of US$6.71, its lowest in three weeks.

Record first-quarter earnings on Wednesday from Singapore's three banks were also cited by analysts as a cue for investors to book their profits at the end of the week.

 
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