Singapore Stocks Hit 14 Month Low

Singapore stocks fell for a third straight session on Monday to close at their lowest levels in 14 months.

Dealers said investors sold off shares following weakness in the US and other regional markets.

Sentiment was also hurt by anxieties over emerging markets and disappointing manufacturing data from China.

The Straits Times Index (STI) fell 36.27 points, or 1.2 per cent, to end at 2,990.95 — its first time below the 3,000-point support level since November 2012.

Analysts said the local bourse bore the brunt of selling on Monday as most North Asian markets were still closed for the Lunar New Year holidays.

ChannelNewsAsia

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