SINGAPORE stocks opened weaker on Monday, with the Straits Times Index moving down 0.09 per cent or 2.93 points to 3,360.83 as at 9.01am as investors remain cautious in amid corporate earnings season and lie in wait for a cut in US interest rates. Read more at The Business Times.
Other banking stocks like OCBC Bank meanwhile, was down 0.1 per cent or S$0.01 to S$11.57; and United Overseas Bank, dipped 0.3 per cent or S$0.09 to S$26.84.Other active index stocks included Singtel, unchanged at S$3.30, on an ex-dividend basis; Suntec Real Estate Investment Trust, up 0.5 per cent or S$0.01 to S$1.93, cum dividend.
In other Asian markets, Tokyo stocks opened lower on Monday on cautious sentiment over the resumption of US-China trade talks and ahead of the Federal Reserve's expected first rate cut in a decade. The benchmark Nikkei 225 index dipped 0.13 per cent or 28.04 points to 21,630.11 in early trade, while the Topix index fell 0.09 per cent or 1.4 points to 1,570.12.
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