Singapore shares open lower on Friday; STI down 0.4%

SINGAPORE stocks were trading in negative territory on Friday (Nov 29), following continued worries regarding Trump’s tariff threats.

As at 9.01 am, the Straits Times Index (STI) declined 15.47 points or 0.4 per cent to 3,721.78. Across the broader market, losers outnumbered gainers 61 to 37 after 27.3 million securities worth S$40.3 million changed hands.

Seatrium was the most actively traded counter in terms of volume, falling 0.5 per cent or S$0.01 to S$1.92, with 4.6 million shares transacted.

Other actively traded counters included Clearbridge, which advanced 25 per cent or S$0.001 to S$0.005, and Genting Singapore, which traded flat at S$0.77.

The local banks were a sea of red at open. UOB fell 0.5 per cent or S$0.18 to S$36.32. DBS was down 0.5 per cent or S$0.23 at S$42.02. OCBC slid 0.4 per cent or S$0.06 to S$16.22.

European shares rebounded on Thursday, spearheaded by tech stocks, after a two-day slump driven by worries over potential US tariffs and France’s economic and political challenges, with investors now closely watching inflation reports for clues on the future trajectory of interest rate cuts. The pan-European Stoxx 600 index was up 0.5 per cent at 507.3.

Trading volumes were expected to be light with the US market shut for the Thanksgiving holiday.

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