STI extends slide in cautious environment
Investors find more reasons for gloom than cheer, with Asian markets ending mostly lower or flat
Add BT as a preferred sourceAMID a cautious trading environment, Singapore stocks continued their downward slide on Wednesday, with the Straits Times Index (STI) losing 0.68 per cent or 21.6 points to close at 3,171.11.
Investors are finding more reasons for gloom than cheer, with the International Monetary Fund's downgrade of its global growth outlook, Brexit-related uncertainty and the continued US government shutdown.
Hopes for progress in US-China trade relations were also dimmed by reports that Washington had rejected Beijing's offer to hold preparatory discussions ahead of a key meeting next week, although the White House firmly denied the reports.
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