Poor end to week as Singapore stocks drop 1% as 'taper tantrum' fears resurface; performance lowest in over 3 months

SINGAPORE, Aug 28 (Reuters): Singapore stocks dropped 1% on Friday (Aug 27) as investors cut exposure to riskier assets over concerns of a shift in the US Federal Reserve's pandemic-era accommodative stance and fears of geopolitical instability.

Other emerging Asian markets were mixed in a low-volume trade at end week after rallying for most of the week, as investors weighed indications from Fed officials that the central bank may begin paring bond purchases soon.