Sunday, June 24, 2007

Singapore's Stocks Fall; Chartered Drops on U.S. Subprime Loan Concern

(Bloomberg) -- Singapore's stocks fell for a second
day. Chartered Semiconductor Manufacturing Ltd. paced a decline
by the city's exporters on concern losses from the U.S. subprime
market will be worse than expected.

The Straits Times Index dropped 12.61, or 0.4 percent, to
3602.77 at 9:38 a.m. local time. Two stocks retreated for each
that advanced. June futures slipped 0.2 percent.


Read more at Bloomberg Stocks News

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