The following shares were among the most active in the market. Stock symbols are in parentheses after the company name.
Export-related companies: Shares of shipping companies, port operators and electronics manufacturers dropped after job growth in the U.S. unexpectedly stagnated in August, adding to signs the world’s biggest economy is at risk of stalling two years after the last recession ended.
Neptune Orient Lines Ltd. (NOL SP), the container carrier that counts the Americas as its biggest market, slumped 4.8 percent to S$1.085. Hutchison Port Holdings Trust (HPHT SP), the owner of port assets in Hong Kong and China, declined 2.3 percent to 65 U.S. cents. Amtek Engineering Ltd. (AMTK SP), a supplier of precision components to companies including Sony Corp., slid 2.3 percent to 65 Singapore cents.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, fell 0.8 percent in New York on Sept. 2, extending its decline for a second day.
Noble Group Ltd., (NOBL SP), a Hong Kong-based supplier of energy, food and mining commodities, sank 4.5 percent to S$1.50. Olam International Ltd. (OLAM SP), a Singapore-based supplier of agricultural commodities, dropped 4.2 percent to S$2.31.
Oversea-Chinese Banking Corp. (OCBC SP), Singapore’s second-largest lender by market value, fell 2.4 percent to S$8.51. JPMorgan Chase & Co. cut its rating on the stock o “neutral” from “overweight,” saying the bank’s earnings outlook is weak.
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