Singapore shares head lower as bearish Wall Street cues, continued worries over Europe debt troubles keep buyers at bay.
The STI is down 0.5% to 2,680.24 as at 9:48 a.m. with near-term support tipped at yesterday’s intraday low at 2,665.
“We’ve moved into a phase of lower lows and lower highs, the mentality at the moment is to trim stakes on any rebound,” says a trader at a local house, according to Dow Jones Newswires.
