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Singapore's STI opens down 2.4 pct tracking Asia declines
Reuters - Friday, September 5
SINGAPORE, Sept 5 - Singapore's benchmark Straits Times index <.FTSTI> opened down 2.4 percent on Friday to hit a 23-month low as Wall Street tumbled overnight on fears of a slowing global economy, impacting on Asia markets.
At 0110GMT, the STI extended its losses to 2.6 percent.
Property heavyweight City Developments <CTDM.SI> dropped 3.5 percent, while top lender DBS <DBSM.SI> was 1.8 percent lower.
Asian shares have fallen to new lows as further signs of a slowing global economy hit sectors, such as technology, that rely on exports. [nHKG273708]
Shares in Japan <.N225> plunged 3 percent, while Korea's benchmark index <.KS11> eased 1.6 percent.
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