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Nikkei Markets

Singapore, Malaysia shares fall as Chinese markets weaken

Higher U.S. yields signalling rising mortgage, loan costs ahead weigh on sentiment

KUALA LUMPUR (Nikkei Markets) -- Singapore shares fell Monday amid drop in banks and Malaysia too edged lower as slump in Chinese markets and concerns over rising U.S. interest rates weighed on investors sentiment across Asia.

The Straits Times Index ended 0.9% lower at 3,181.45, while the FBM KLCI closed down 0.1% at 1775.75. DBS Group Holdings retreated 1.2% to drag Singaporean banks down. Press Metal Aluminium Holdings was the biggest index loser in Malaysia after tumbling 3%.

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