The Business Times

Singapore stocks finish weaker as doubts emerge on Wall St over Trump's plans

Published Wed, Mar 22, 2017 · 09:34 AM

SUDDEN doubts over the Trump administration's ability to deliver on its campaign promises was said to have prompted Wall Street's Tuesday sell-off, its largest one-day fall of 2017. This meant selling pressure for the local market on Wednesday, which dragged the Straits Times Index down 40.38 points or 1.3 per cent to 3,118.19 - like the US, the biggest loss this year.

Wednesday's volume amounted to 2.5 billion units worth S$1.3 billion, which was moderate by 2017 standards. Excluding warrants, there were 138 rises versus 364 falls.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Capital Markets & Currencies

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here