STI among gainers in mixed Asian trade
Others show signs of fatigue; China and Japan are lower, while Australia and South Korea barely move
SINGAPORE equities outperformed most other regional markets, some of which are showing signs of fatigue after a strong run that began in the lead-up to last Friday's confirmation of a US-China "Phase One" trade deal.
"Equity markets are enjoying a massive finish to the year, but at some point, investors will need to kick back into Christmas mode and put some money in the bank defending profits," AxiTrader chief Asia market strategist Stephen Innes said.
With the exception of an early session dip, Singapore's Straits Times Index (STI) stayed in positive territory, closing Wednesday trading at 3,209.54, adding 8.74 points or 0.3 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DBS customers unable to log into digibank, PayLah! on Thursday
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Amazon bets big with CrowdStrike on cybersecurity products
Goldman Sachs scraps EU-era bonus cap for top bankers in UK: source
Thomson Reuters lifts 2024 forecast on first quarter revenue result
US: Wall St opens higher after Fed leaves interest rates alone