SGX : Singapore shares tumble to lowest in more than 4 years.


  • SINGAPORE’S blue chip Straits Times Index tumbled to its lowest in more than four years on Wednesday amid nagging concerns over crude oil prices and the faltering Chinese economy.
  • The STI fell to 2,560.94, and was trading around 2,562.43 at 1:11pm, down 76.04 points, or almost 3 per cent, from the previous day’s close. This is the lowest level seen since July 2011. Losers led gainers by 310 to 53.
  • Sembcorp Marine and its parent company Sembcorp Industries were in active trading in the morning following rumours of a full takeover by the parent firm or just an injection of funds into Sembcorp Marine. Other losers included DBS, SingTel and property-related Capitaland.

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