Singapore shares slump 0.8% on Wall Street woes

Singapore shares tumbled on Friday after Wall Street's overnight stumble.

The benchmark Straits Times Index (STI) slipped 24.85 points, or 0.78 per cent, to 3,177.25.

Some 1.6 billion shares worth $869.3 million changed hands.

The STI joined other key Asian indexes in a sea of red.

Japan dropped 1 per cent, Hong Kong dipped 0.60 per cent, while Shanghai shed 1.09 per cent.

Here, just one out of the 30 STI component counters finished positively, with a whopping 27 losers and two unchanged.

The only gainer was SIA Engineering, which edged up three cents to $5.09.

Among the losers was Wilmar International, down seven cents to $3.38, and City Developments, eight cents lower at $10.07.

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