Singapore Shares Muted at Open

MT Newswires

07/22

Singapore shares opened marginally lower on Wednesday on caution amid escalating conflict in the Middle East.

The Straits Times Index barely moved into negative territory to open at 5,521.26.

Brent crude edged higher after two tankers carrying Saudi crude to Asia reversed course in the Red Sea following threats of attack from Yemen's Iran-backed Houthi militants, Reuters reported.

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