SINGAPORE EXCHANGE :
- The local market opened 2.7 per cent lower on Wednesday, with the Straits Times Index retreating 70.75 points to 2,552.46 as at 9am.
- The blue-chip index tumbled after the yen surged to its highest level in more than a year against the US dollar on Tuesday, sparking a sharp 5.4 per cent plunge in the Nikkei 225.
- Blue chips bore the brunt of the early sell-off in Singapore. About 39.1 million shares worth S$95.2 million had changed hands as at 9am, which worked out to an average unit price of S$2.43 per share.
- The most actively traded counter was commodities trader Noble Group, which fell S$0.025 to S$0.305 with 8.9 million shares changing hands as at 10.02am. Other actives included Singapore Telecommunications and commodities firm Golden Agri-Resources.