Singapore shares fall on fear of European financial crisis

SingaporeSingapore  - Singapore stocks fell by 6.61 per cent Wednesday as fears of a global financial crisis grew.

The Straits Times Index dropped 143.94 points to close at 2,033.61. It recorded a volume of 1,445.2 million shares from 500 losers against 98 gainers.

The Singapore market has outperformed some of the other leading regional markets recently, said Steph Wang, head of research at Kim Eng Securities Pte Ltd.

But Wednesday's drop was caused by external factors, hinging on fears of how badly the financial crisis will affect Europe, she said. (dpa)

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