Asian markets tumbled amid concerns over China's slowing economy and the weak consumer spending in the United States amid a drop in incomes. Greece has also said it would fall short of its deficit targets. -- PHOTO: AFP
Asian markets tumbled amid concerns over China's slowing economy and the weak consumer spending in the United States amid a drop in incomes. Greece has also said it would fall short of its deficit targets.
Singapore shares closed lower on Monday, with the benchmark Straits Times Index at 2,621.40, down 2.01 per cent, or 53.76 points.
A total of 1.49 billion shares, valued at $1.43 billion, were traded. Losers outnumbered gainers 439 to 74.
Genting Singapore, one of two integrated resort (IR) operators in Singapore, saw its share price fall 3.89 per cent or $0.06 to $1.48. The IRs rely heavily on tourists from China.
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