Singapore shares drop at Friday's open; STI down 0.43%

The Singapore Exchange centre in Shenton Way.
The Singapore Exchange centre in Shenton Way. PHOTO: ST FILE

SINGAPORE - Singapore stocks opened lower on Friday (April 6) after US President Donald Trump ordered his administration to consider imposing a further US$100 billion of tariffs on Chinese imports.

The Straits Times Index was trading 0.43 per cent or 14.74 points lower at 3,390.91 at 9am.

Losers outnumbered gainers 90 to 35, or about five stocks down for every two up, after 34.2 million shares worth S$72.5 million changed hands.

Among the most heavily traded by volume, Jiutian Chemical Group slipped 1.7 per cent or S$0.001 to S$0.059 with 1.4 million shares traded. Cosco Shipping International (Singapore) Co fell 3.3 per cent or S$0.015 to S$0.44 with 0.9 million shares traded.

Active index stocks included United Overseas Bank, down 0.7 per cent or S$0.18 to S$26.79; DBS Group Holdings, down 0.7 per cent or S$0.19 to S$27.09; and OCBC Bank, down 1.0 per cent or S$0.13 to S$12.43.