SGX Singapore Closing Market Update

THE Straits Times Index on Tuesday slipped 6.31 points to 3,398.26 in a listless and weak session. Traders said volatility on Wall Street created by interest rate worries was casting uncertainty around world markets and affecting overall sentiment. Volume here amounted to 1.2 billion units worth S$1.2 billion and excluding warrants there were 174 rises versus 250 falls.

Most of the loss the index suffered occurred in the final hour after Europe opened in the red across all markets, which, together with a one per cent fall in Hong Kong, suggested a weak Tuesday ahead for Wall Street.