Singapore shares edged lower by midday, with most Asian markets drifting down as Moody’s warning to downgrade top-rated countries in Europe added to uncertainties surrounding the region’s ability to resolve its debt crisis.
By 1:00 p.m., the Straits Times Index (STI) was down 0.04%, or 1.26 points, at 2,975.08. Around 1.1 billion shares worth $706 million were traded. Market breadth was negative as 309 stocks declined and 148 fell, while 152 were steady.
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