Emerging market concerns could weigh on local sentiment.
The Straits Times Index (STI) ended 1.7% lower at 3156.28.
The FTSE ST Mid Cap Index slipped 0.74%, whilst the FTSE ST Small Cap Index fell 1.11%.
OCBC Investment Research noted that US stocks closed mostly lower Wednesday with the technology sector logging its worst single-day decline since late July, triggering an outsize drop in the Nasdaq.
Three out of eleven S&P 500 index closed lower, led by Information Technology (-1.50%) and Consumer Discretionary (-1.10%) whilst Utilities (1.27%) and Consumer Staples (1.18%) led the gains.
"The lacklustre performances on Wall Street overnight and the ongoing concerns about emerging markets are likely to weigh on local sentiment today," OIR said.
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