On 11/July, Singapore shares end lower caused by disappointing U.S. jobs data and higher-than-expected China inflation data.

STI ended lower at 3117.37 (1.1%) with regular VOL of 1.12 billion shares traded compared with 1.67 billion shares Friday. In the broader market, losers outnumbered gainers 357 to 142. Today STI undergo heavy selling pressure as investors sell on the possibility of sluggish economy growth ahead.

Headline in STI

Before market close

Tiger Airways Holdings Ltd. (J7X.SG) has reiterated that it is set to lose about S$2 million a week after Australia’s Civil Aviation Safety Authority suspended the budget carrier’s local operations on July 2.

DBS Group Holdings Ltd. (D05.SG) said that Singapore’s central bank approved its application to tap a bilateral currency swap agreement between the city-state and China to provide yuan financing for a Singapore-based client exporting to China.

After market close

SBS ...