Singapore Shares Close Lower Amid US Earnings Reports

Singapore shares closed 0.03 percent lower on Tuesday, Oct 14, 2015, as investors remained cautious following the release of US corporate earnings reports. Despite several big banks and companies, including Netflix and Honeywell International, yet to report their earnings, market participants were already on edge, weighing the implications of the results. The Singapore benchmark Straits Times Index inched down 0.96 points to 2,983.92 points, with trading volume reaching 1.03 billion shares worth 907 million Singapore dollars.

Key Takeaways:

The release of US corporate earnings reports kept investors on edge, causing Singapore shares to close 0.03 percent lower on Tuesday.
Several big banks, including J.P. Morgan Chase, and companies like Netflix and Honeywell International, will report their earnings in the coming days.
J.P. Morgan Chase reported a 6.3 percent decrease in its third-quarter earnings due to weak demand for personal computers.
Intel reported a 6.3 percent decline in its third-quarter earnings as well, citing weak demand for personal computers.
China's National Bureau of Statistics reported a 1.6 percent rise in consumer price index (CPI) in September, missing market expectations of 1.8 percent.
The construction company Lian Beng Group reported a 169.5 percent jump in first-quarter earnings to 32.3 million Singapore dollars.
However, Lian Beng Group's revenue for the three months to August decreased 19.1 percent to 135.6 million Singapore dollars.

Statistics:

Singapore shares closed 0.03 percent lower on Tuesday, Oct 14, 2015.
The Singapore benchmark Straits Times Index inched down 0.96 points to 2,983.92 points.
Trading volume was 1.03 billion shares worth 907 million Singapore dollars.
J.P. Morgan Chase reported a 6.3 percent decrease in its third-quarter earnings.
Intel reported a 6.3 percent decline in its third-quarter earnings.
China's National Bureau of Statistics reported a 1.6 percent rise in consumer price index (CPI) in September.
Lian Beng Group reported a 169.5 percent jump in first-quarter earnings to 32.3 million Singapore dollars.

Sources:

Xinhua via COMTEX, Oct 14, 2015
Comtex SmarTrend Alert, as of Saturday, Oct 10, 2015 23:59