SINGAPORE shares opened lower on Monday with the Straits Times Index
down 1.34 per cent or 44.48 points to 3,276.42 as at 9.01am, on the back
of mounting fears of the crisis in Greece as the government declared
emergency closure of banks until July 6 because of collapse of talks
with creditors.
It cited "the extremely urgent and unforeseen need to protect the
Greek financial system and the Greek economy due to the lack of
liquidity caused by the Eurogroup's decision on June 27 to refuse the
extension of the loan agreement with Greece".
In the region, the Nikkei 225 index at the Tokyo Stock Exchange
dipped 2.29 per cent, or 471.93 points, to 20,234.22 at the start of
trading on Monday, while the S&P/ASX200 at the Australian Securities
Exchange was down 1.6 per cent, or 88.9 points, to 5,457 points. In Singapore, some 124.9 million shares worth S$104 million changed hands. Losers outnumbered gainers 149 to 32.
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