SINGAPORE - Singapore's benchmark Straits Times Index slipped 2.8 percent at the opening on Thursday, led by falls in financials and commodities after U.S. stocks slid over five percent on a weakening corporate outlook.

By 0104 GMT, the index stood at 1,624.43 points, down 41.16 points. Top lender DBS Group was down 3.4 percent, commodity trader Noble Group fell 5.4 percent and SembCorp Industries slid 6 percent.