Market Update: Singapore shares slip for a third day

The Straits Times Index ended Tuesday trade down by about 28.13 points, or 0.95%, at 2,945.52.

Most Asian stocks fell, dragged by further lockdowns in the Euro zone and investor jitters over the upcoming US fiscal stimulus.

About 3.75-billion securities worth S$1.6b changed hands, with more than double the number of stock decliners, compared to advancers (339 to 163).

Top stock losers for the day were CapitaLand Integrated Commercial Trust with a 4% or S$0.09 loss, Singapore Airlines dropped by 2.14% or S$0.09, and ST Engineering lowered by S$0.08 or 2.09%.

Meanwhile, US stocks were mostly in the red as the Senate continues bickering over former President Donald Trump's impeachment.

The S&P 500 slipped about 0.15% or 5.74 points at 3,849.62. The NASDAQ modestly declined by 0.07% or 9.93 points to 13,626.07, while the Dow Jones Industrial fell by 22.96 points or 0.07% at 30,937.04.

London stocks meanwhile climbed on Tuesday trade after pharmaceutical company AstraZeneca denied speculations that its COVID-19 vaccine was less effective in the elderly population.

The FTSE 100 rose by about 0.23% or 15.16 points at 6,654.01 while the FTSE 250 went higher by 0.48% or 97.95 points at 20,448.36.

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