SINGAPORE, Nov 21 (Reuters) - Singapore shares fell for a
third consecutive session to a one-week low on Thursday after
minutes of the US Federal Reserve's October meeting indicated
possible stimulus withdrawal at one of its next few meetings.
The benchmark Straits Times Index was down 0.5
percent at 3,168.19 at 0435 GMT. The MSCI's broadest index of
Asia-Pacific shares outside Japan fell 1.3
Palm oil producer Golden Agri-Resources Ltd and
casino operator Genting Singapore PLC were among the
worst performers on the index. Genting shares fell 2.1 percent
to an almost seven-week low of S$1.42 while Golden Agri dropped
as much as 4.3 percent to S$0.56.
However, shares of Rex International Holding Ltd,
advanced for a third consecutive session, rising 4.1 percent to
S$0.64. The oil exploration company confirmed on Wednesday it
acquired 10 percent stakes in two offshore licenses in Norway
from North Energy ASA.
On the economic front, Singapore raised its full-year growth
forecast for 2013 to between 3.5 and 4.0 percent after
third-quarter GDP grew 5.7 percent from a year ago, helped by
further signs of a recovery in manufacturing and continued
strength in services.