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Singapore shares ease; Noble at more-than-two-year high

Published on Jun 3, 2014 1:11 PM

SINGAPORE (Reuters) - Singapore shares eased in thin trade on Tuesday as investors shrugged off an uptick in manufacturing activity in the United States and China, while Noble raced ahead to a more-than-two-year high.

The benchmark Straits Times Index eased 0.2 per cent to 3,296.61, hovering near 1-year highs and lagging other Southeast Asian markets.

MSCI's broadest index of Asia-Pacific shares outside Japan performed better with a 0.3 per cent gain.

Noble Group shares rose as much as 3.2 per cent to hit their highest in more than two years, with the stock also topping the list of most traded stocks on the bourse by value. Shares of the commodities firm are currently trading at $2.50, their highest since February 2012.

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