MT Newswires10-15
Singapore shares opened lower on Thursday in line with its Asian peers, tracking the sell-off in technology stocks on Wall Street and US inflation data that exceeded expectations.
The Straits Times Index slipped 20.76 points, or 0.38%, to open at 5,402.570.
Broader market sentiment was weighed down by higher-than-expected US inflation, which dampened investor sentiment over expectations of the Federal Reserve's future interest rate path.
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