Singapore-listed companies with UK exposure among worst hit

SINGAPORE (June 24): Singapore-listed companies with exposure to the UK market are getting pummelled early Friday as early referendum counts show the UK leaning towards a break up with the European Union.

City Developments, which has a 35% exposure to the British pound according to DBS, falls 5.6% to $8.20. ComfortDelGro (with 17% exposure), Ascott Residence (12%) and CDL Hospitality Trusts (8%), fall 3.3%, 2.2% and 1.7%, respectively.

Sembcorp Industries, which has a 5% exposure, DBS says, is down 3.8%.

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