Singapore shares drop on Friday, down 0.4% on the week.
SENTIMENT on Friday was dampened after the European Central Bank unexpectedly kept interest rates unchanged and Wall Street's mixed earnings session on Thursday.
Elsewhere in the Asia-Pacific, markets in Australia, Hong Kong, Japan, Malaysia and South Korea ended Friday's session with broad losses while China's Shanghai Composite Index bucked the trend, ending in positive territory. Across the broader market, decliners outpaced advancers 222 to 175. Meanwhile, the benchmark index had 18 of its 30 components closing in the red.
The local banks ended slightly lower. DBS Group Holdings dropped S$0.03 or 0.1 per cent to S$26.88, OCBC Bank eased one Singapore cent or 0.1 per cent to S$11.76 while United Overseas Bank ended at S$26.93, down S$0.05 or 0.2 per cent.
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