Singapore shares fell on Thursday after two days of gains as worries about China's economy led investors to sell DBS Group and other blue chips despite robust Singapore monthly export data.
Bus and taxi operator ComfortDelgro Corp rose 2.4 percent to S$1.27 as investors focused on dividend paying firms as defensive plays, while China-focused meat producer People's Food slumped 9.8 percent to S$1.10 on selling by foreign funds, according to dealers.
The key Straits Times index finished down 0.94 percent, or 17.16 points, at 1,814.15. It rose about 1.0 percent in the previous two days. In the broader market, losers thumped gainers 234 to 93 as volume fell to 474 million shares from 504 million on Wednesday.
Singapore said on Thursday that non-oil exports were a seasonally adjusted 11.8 percent higher in May than April, beating market forecasts, fuelled by strong demand from Europe for electronics and pharmaceutical goods.
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