Singapore shares fell by midday on Monday, Aug 22; At 0500 GMT, the Straits Times Index was down 0.70%, or 19.15%, at 2,714.48. The total volume of shares traded by then was 882.5 million shares and turnover was S$883.7 million.
This compares with the volume of 903.1 million shares and turnover of S$823.2 million around the same time on last Friday. Local traders said support may kick in at around 2,700 points for the rest of the session.
Markets is observing data on bond buying by the European Central Bank and debt issuance by European countries, in order determine whether euro zone's debt crisis is worsening.
Meanwhile, OCBC gave up 1.3 %, UOB was 0.7%lower and DBS was down 0.2%. But shares of Singapore-listed Chinese shipbuilder Yangzijiang rose 3.1% after the company issued a detailed explanation of its financial results in response to concerns raised by investors.
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