10 May '18, 3am

Stocks with Malaysian exposure hit on Singapore bourse, ringgit falls against US dollar

SINGAPORE: Stocks with Malaysian exposure were hit on Singapore bourse on Thursday morning (May 10) after Malaysia opposition's shock election win. As at 10.01am, Singapore-listed stocks with Malaysian exposure such as Jardine Cycle & Carriage, IHH Healthcare and Hatten Land fell. Jardine C&C was down $1.01 or 3 per cent to $32.87, IHH Healthcare down three cents or 1.5 per cent to $2.00, and Hatten Land down 0.1 cent or 0.6 per cent to $0.16. By 9.49am, Singapore's Straits Times Index was 4.64 point or 0.13 per cent lower at 3,543.90. Malaysia's stock market is closed on May 10 and 11. On the currency front, the ringgit weakened against the US dollar, with US$1 worth RM4.046 as at 9.12am, up by 5.75 sen or 1.4 per cent, according to data from Bloomberg. The Singapore dollar dipped against the ringgit, trading at RM2.935, down by 1.19 sen or 0.4 per cent, close to a two-ye...

Full article: https://www.thestar.com.my/business/business-news/2018/05...

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