Singapore shares were flat in early trade Monday while investors remained cautious as finance ministers from the Group of Seven industrialised nations failed to come up with detailed actions to support the global economy.
The blue chip Straits Times Index (STI) was marginally higher, climbing 0.03 per cent, or 0.53 points to 1,706.17 within the first minutes of trade.
Some 74.5 million shares exchanged hands, with losers edging past gainers 59 to 48.
Other Asian markets were mostly lower across the board, with sentiment in Japan hurt by poor gross domestic product data.
Japan's Nikkei 225 was down 1.1 per cent, Australia's S&P/ASX 200 was off 0.7 per cent and New Zealand's NZX-50 fell 1.6 per cent.
South Korea and Taiwan were flat, up 0.16 per cent and 0.11 per cent respectively.
Japan's economy shrank at an annualised pace of 12.7 per cent in the fourth quarter of 2008 - its worst performance since 1974 - as the recession deepened, official figures showed Monday.
The blue chip Straits Times Index (STI) was marginally higher, climbing 0.03 per cent, or 0.53 points to 1,706.17 within the first minutes of trade.
Some 74.5 million shares exchanged hands, with losers edging past gainers 59 to 48.
Other Asian markets were mostly lower across the board, with sentiment in Japan hurt by poor gross domestic product data.
Japan's Nikkei 225 was down 1.1 per cent, Australia's S&P/ASX 200 was off 0.7 per cent and New Zealand's NZX-50 fell 1.6 per cent.
South Korea and Taiwan were flat, up 0.16 per cent and 0.11 per cent respectively.
Japan's economy shrank at an annualised pace of 12.7 per cent in the fourth quarter of 2008 - its worst performance since 1974 - as the recession deepened, official figures showed Monday.
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