Epic Research Singapore : STI

Singapore shares hit their lowest in five months on Monday, pressured by concerns over a slowdown in China’s economy after growth in the country's services sector slowed to a five-year low in January.

The benchmark Straits Times Index fell for a third consecutive session, and was down 1% at 2,995.5 by 1 pm, the lowest since Aug. 28, 2013. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.3% lower.

China’s official non-manufacturing Purchasing Managers’ Index (PMI) fell to 53.4 in January from December's 54.6, putting further strains on the market, as pressures from the massive sell-off in emerging markets show little sign of abating.
 
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