SINGAPORE: Singapore share prices were sharply lower early Monday, following steep falls on the Wall Street on Friday. The Straits Times Index fell 96.11 points to 3,392.86 within 15 minutes of trade.
Wall Street shares took a dive on Friday as news of a surprise drop in US payrolls, the first in four years, heightened fears that the world's biggest economy is flagging.
The Dow Jones Industrial Average tumbled 249.97 points (1.87 percent) to close at 13,113.38.
Ahead of the opening, the Labour Department reported non-farm payrolls fell by 4,000 in August.
That was the first drop in employment in four years and far below Wall Street expectations of a gain of 110,000 jobs. - CNA/ir
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