SINGAPORE shares began Tuesday (Oct 8) in positive territory after US equities fell overnight.
As at 9.01 am, the Straits Times Index (STI) was up 0.1 per cent or 4.22 points to 3,603.41. Across the broader market, losers outnumbered gainers 65 to 64 after 88.5 million securities worth S$80.6 million changed hands.
Chinese agritech company Zixin was the most actively traded counter by volume. It was flat at S$0.031 with 20.1 million shares changing hands.
Other actively traded counters included oil exploration and production company Rex International, which was up 2.2 per cent or S$0.003 at S$0.142 and beverage manufacturer Thai Beverage, which was down 1.9 per cent or S$0.01 at S$0.525.
Banking stocks were mostly up at the open. DBS rose 0.3 per cent or S$0.13 to S$38.49, while OCBC increased 1.3 per cent or S$0.20 to S$15.15, and UOB was flat at S$31.86.
US stocks fell on Monday as higher US treasury bond yields stoked inflation fears.
The Dow Jones Industrial Average finished down 0.9 per cent at 41,954.24. The broad-based S&P 500 fell 1 per cent to 5,695.94, while the tech-rich Nasdaq Composite Index slipped 1.2 per cent to 17,923.9.
European equities saw marginal gains, limited by rate-sensitive stocks such as real estate and utilities. The pan-European Stoxx 600 index closed 0.2 per cent higher at 519.48.
