Singapore shares fall 1.4%, snapping nine-session winning streak

THE Singapore market snapped its nine-session winning streak in dramatic fashion on Friday, tumbling 1.36 per cent.

The benchmark Straits Times Index (STI) fell 43.18 points to 3,131.47.

Other Asian markets were also in the red after Wall Street's overnight falls.

In Singapore, very few counters were spared. Out of the 30 stocks on the STI, 29 were in the red while the sole stock to escape the selldown was Hutchison Port Holdings Trust which ended flat at 67.5 US cents.

Outside the index Keppel Telecommunications & Transportation jumped 22.5 cents or 14.6 per cent to $1.77. The company said on mid-day on Friday that it wants to set up a data centre real estate investment trust to be listed on the Singapore Exchange.

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