Asia markets slide on trade concerns
This follows Tuesday's Wall Street sell-off, triggered by hawkish US officials who favour stiffer levies on China
WANING sentiment over a US-China trade resolution sent investors running for the hills in a broadly lower session in Asia.
This followed a Wall Street sell-off on Tuesday, triggered by key US officials being supportive of increasing levies on Chinese imports.
The mood on the day saw the Straits Times Index (STI) reverse Tuesday's 0.7 per cent gain to close at 3,283.84 on Wednesday, down 28.68 points or 0.9 per cent. It has fallen by 108.45 points or 3.2 per cent this week.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gold holds steady as investors focus on US Fed meeting
Singapore shares open in the red on Tuesday; STI down 0.3%
Huawei’s pivotal role in the US-China tech war, from 5G to chips
CDL Hospitality Trusts reports 6.8% higher Q1 net property income of S$34.9 million
Starhill Global Reit posts 0.9% lower Q3 net property income of S$37.7 million
Binance and CZ’s fortunes are set to grow, jail or no jail