Stock Market

Singapore shares closed 4.15 percent lower on Monday as investors locked in profits from a recent rally while more concerns about the US automobile industry weighed on sentiment, dealers said. The blue chip Straits Times Index (STI) closed 72.52 points lower at 1,673.14 on volume of 1.06 billion shares worth 882 million Singapore dollars (579 million US). Losers outnumbered gainers 367 to 120, with 782 issues unchanged.