Singapore shares drop
A Singapore Exchange (SGX) sign sits outside its premises at the central business district in Singapore, January 18, 2016 Reuters
  • Singapore shares fell more than 1 percent on Friday, as mounting tensions between the United States and North Korea unnerved investors.
  • The Straits Times Index fell 1.31 percent or 44 points to end at 3,279.
  • Agribusiness giant Wilmar International slumped 6 percent despite swing to a second-quarter profit.
  • Property developer City Developments lost 4.1 percent after its net profit fell nearly 18 percent on year and said its Chief Executive Officer Grant Lewis Kelley has resigned.
  • Singapore Technologies Engineering declined 3.4 percent after it reported a 12 percent decline in the second-quarter net profit.
  • Shares of debt-laden commodities trader Noble Group surged as much as 20 percent after its second quarter earnings showed no fresh causes for concern about the company.
  • Singapore Telecommunications was unchanged after posting a 6 percent drop in first-quarter profit, hurt by lower contributions from its Indian associate and exceptional charges at Australian unit Optus.