STI stabilises after two-day selloff
While caution may be justified after Trump's election, Asia's near-term fundamentals haven't changed meaningfully: Credit Suisse
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AFTER dropping 47 points on Friday and Monday as the Wall Street-inspired post-Donald Trump rally quickly lost momentum, the Straits Times Index (STI) on Tuesday managed a 10.28 points rebound to 2,797.55.
Turnover amounted to 1.7 billion units worth S$1.2 billion, the ninth consecutive session where dollar value was more than S$1 billion. Excluding warrants, there were 182 rises versus 205 falls.
Stocks here had bounced sharply last week in a "risk on" phase after the surprise win by the Republican nominee in the US presidential election but reversed direction as the reality set in of an "America first" Trump administration that could hurt Asia.
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