STI slips into the red, closing 0.1% lower at 2,810.95

Asian markets end mixed with South Korean shares jumping a record closing high, buoyed by robust tech demand.

Published Wed, Dec 2, 2020 · 09:50 PM

THE benchmark Straits Times Index (STI) slipped into the red on Wednesday, declining 0.11 per cent or 3.17 points to close at 2,810.95.

Among the STI constituents, the trio of banks made gains on Wednesday. UOB climbed 0.8 per cent or S$0.18 to close at S$22.75, while OCBC closed up 0.6 per cent or S$0.06 at S$10.05. DBS inched up 0.52 per cent or S$0.13 to close at S$25.32.

In a research note on Tuesday, Jefferies equity analyst Krishna Guha said: "While the financial-stability review highlights the pertinent risks . . . fiscal support and regulatory forbearance will help to tide over any adverse situation."