Singapore’s benchmark stock index, the Straits Times Index, fell 1.41% at 9:05 a.m.

The index of 30 companies traded on Singapore Exchange fell 32.80 to 2,288.02. Among the stocks in the index, 1 rose, 28 fell and 1 was unchanged.

Declines in the Straits Times Index were led by United Overseas Bank, DBS Group Holdings and Jardine Matheson Holdings. About 65.97 million shares changed hands in Singapore.

Capitaland, which fell 6 cents to $3.57, was the most active stock by value in Singapore.

The next most-active issues were Noble Group, which fell 5 cents to $1.72, and DBS Group Holdings, which fell 16 cents to $11.48.