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Singapore stocks slide

Sahil Nagpal 14 April 2008

Singapore - Stocks on the Singapore Exchange slid 2.6 per cent on Monday following Wall Street's slump on Friday amid fears of a recession.

The benchmark Straits Times Index fell 83.91 points to 3,042.96.

Disappointing earnings from US companies and weak consumer data, which showed consumer sentiment at a 26-year-old, have heightened fears of a recession in the world's biggest economy, analysts said. (dpa)

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