Singapore Market Volatility Hard To Stomach

0706 GMT [Dow Jones] Traders in Singapore still struggling to stomach heightened market volatility despite sharp intraday falls on almost daily basis in recent sessions. “Ours is a dead market. Whatever you go into, you’ll lose money. There’s not much dealing going on, just lots of watching from the sidelines and licking wounds,” says foreign house dealer. “This month has been nothing but blood money, with margin calls after margin calls. If share prices come down further, there will be more margin calls again,” says local house trader. STI down 7.8% at 1609.95 vs 1661.60 at midday, with all components weak; increasingly at risk of going below 1600. (FKH)