On 05/Aug, Singapore shares ended lower as fears heighten that the U.S. economy may be headed for double dip.

STI ended lower at 2994.78 (3.6%) with HIGH VOL of 2.76 billion shares traded compared with 1.29 billion shares Thursday. In the broader market, losers outnumbered gainers 649 to 47. Today STI undergo massive slaughter as investors dump their stocks in fear of a recession ahead.

Headline in STI

Before market close

Australia’s aviation safety authority hopes to determine the fate of Tiger Airways Holdings Ltd.’s (J7X.SG) grounded local fleet within seven days, after hopes of a resolution this week were doused by the identification of problems in operating manuals.

After market close

Keppel Corp. (BN4.SG) had secured a rig-building order worth US$195 million from a subsidiary of offshore drilling contractor Transocean Ltd. (RIG).

Jardine Cycle & Carriage Limited has bought an additional ...