CLI shares erased a fortnight of gains. Shares in Yangzijiang Shipbuilding have been declining since February, when the US proposed steep fees on Chinese-built or Chinese-operated ships entering American ports. Yangzijiang Shipbuilding shares have fallen some 35% year to date.
The fifth-biggest loser, SGX, fell 9.91% to $11.73 in morning trading; while DBS shares have declined the most among the three banks, falling 9.89% to $39.02.
The STI has fallen some 8% so far, declining 310.7 points to 3,515.16 points at noon.
