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Nikkei Markets

Singapore shares slip as oil tumbles, Malaysia edges up

Weak crude oil prices weigh on rig-builders, petroleum services firms

KUALA LUMPUR (Nikkei Markets) -- Singapore shares fell Wednesday as investors grappled with lower crude oil prices that weighed on rigbuilders and other firms servicing the industry in a broadly weak market. Malaysia eked out tiny gain.

The Straits Times Index closed down 0.3% at 3043.19 amid a 3.1% drop in Yangzijiang Shipbuilding (Holdings). The FBM KLCI ended up 0.1% at 1688.41 as national electric utility Tenaga Nasional's 0.8 % gain pushed the index higher in the final hour of trading, helping to offset a 4% loss in oil storage firm Dialog.

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