Singapore shares lose 0.6% on Wednesday, marking fifth session of losses

Singapore shares on Wednesday were relegated to their fifth straight decline in a row, as the benchmark Straits Times Index (STI) lost 19.76 points or 0.63 per cent to 3,108.99.

Having dropped below the psychological level of 3,200 only last Friday, the STI is now barely hovering above its next support level of 3,100 points.

Decliners on the index included commodities trader Noble Group, down three cents or 3.6 per cent to 81 cents. Land transport operator ComfortDelGro Corp lost six cents or 3.2 per cent to $1.825.

Investors cashed out of stocks ahead of the release of the minutes of the United States Federal Reserve's July policy meeting. The minutes are due out later Wednesday, and will be closely studied for clues as to when the Fed's money-printing will slow down, and by how much the initial reduction will be.

Many economists expect the tapering of the Fed's bond-buying programme to be announced at its September meeting.

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