At 0330 GMT, CapitaLand shares were down 5.6 per cent at S$2.52 on a volume of 19.2 million shares. The broader Straits Times Index was 3.6 per cent lower.
"If the stock market drops, the sentiment for property will also definitely be hit," said a local trader. CapitaLand is Southeast Asia's largest property developer and represents around 3 per cent of the overall Singapore index.
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