The Straits Times Index dropped by 0.8%, or 28.72 points, to 3,530.16 by 9:01 am, as reported by The Business Times.
In the broader market, declines outpaced gains, with 83 stocks down compared to 50 on the rise. A total of 117.9 million securities worth S$193.3 million were traded.
The banking sector was also down. DBS fell 0.03%, or S$0.01, to S$38.65, while UOB saw a 0.6% decline, down S$0.20 to S$31.96. OCBC slid 0.2%, losing S$0.03 to reach S$15.16.
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