SINGAPORE share prices opened lower on Monday with the Straits Times Index down by 35 points or 1.24 per cent to 2,787.97 points as at 9.01am, after a steep slide in US stocks on Friday on Brexit fears and a drop in oil prices.A wave of selling on Wall Street wiped out most of the market's gains from earlier last week. This comes on the heels of a poll showing Britain may be more likely to leave the European Union.
Not helping is a drop in oil prices following a second straight weekly climb in US oil-rig count, according to data from Baker Hughes.
The Dow Jones Industrial Average closed down 119.85 points, or 0.7 per cent lower, at 17,865.34.
Brent settled down US$1.41 at US$50.54, the largest drop in a month.
West Texas Intermediate futures fell US$49.07, down 3 per cent, the largest slide since early April.
Some 63.4 million shares worth S$57.3 million changed hands, with losers outnumbering gainers 116 to 28.
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