STI slides on slow output, trade worries
Index dips 0.33 per cent or 10.69 points to 3,261.66 with losers outnumbering gainers 215 to 185
REGIONAL markets closed lower on Tuesday after investor enthusiasm over seeming progress on US-China trade talks diminished, and turned into uncertainty once again.
Shares in Singapore slid, with the Straits Times Index losing 0.33 per cent or 10.69 points to 3,261.66. Losers outnumbered gainers 215 to 185, with 1.33 billion securities worth S$1.09 billion traded.
US President Donald Trump initially raised hopes of signing a new trade deal with China, but later deflated them by saying a deal "might not happen at all".
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
BlackRock cuts jobs in muni business under new leadership
Grayscale Bitcoin Trust sees first inflows since US ETFs were approved
Goldman Sachs rings in 25 years of public life with stock at record
Nvidia is missing link in a strong season of AI earnings reports
Citi shifts working hours, enhances platform ahead of settlement cycle change
Cordlife directors offer differing views on future oversight if board is rejigged