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today China shares trade in Singapore Mon 3 /8

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luckyman
    04-Aug-2008 12:05  
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China shares in Singapore were lower in early trade with investors remaining cautious following Wall Street's weaker close on Friday, dealers said.

Investors are also likely to remain wary ahead of the Fed meeting tomorrow.

US unemployment figures released last week will also weigh on sentiment.

Sportswear maker China Hongxing and Yangzijiang led the S-chips lower.

The FTSE ST China Index was down 5.23 points or 1.3 pct at 405.76.

The FTSE ST China Top Index, tracking 20 Singapore-listed stocks with major operations in China, shed 3.23 points or 0.8 pct to 418.66.

Singapore's Straits Times Index fell 1.1 pct to 2,845.25.

The benchmark Shanghai Composite Index was down 45.22 points or 1.61 pct at 2,756.60.

The Dow fell 51.70, or 0.45 pct, to 11,326.32 after the US Labor Department said the unemployment rate rose to 5.7 pct.

China Hongxing dropped 0.005 sgd, or 1.0 pct, to 0.495 sgd.

Yangzijiang lost 0.02 sgd, or 2.5 pct, to 0.775 sgd

Cosco Corp was down 0.11 sgd, or 3.6 pct, at 2.93 pct.

China New Town fell 0.005 sgd, or 3.2 pct to 0.15 sgd. The developer posted a 67.5 mln yuan net loss in the second quarter.

Abalone producer Oceanus was up 0.005 sgd, or 1.2 pct, at 0.435 sgd in heavy trade.

Li Heng Chemical Fibre Technologies rose 0.005 sgd, or 4.2 pct, to 0.125 sgd.
 
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