STI up 1.4% as trade wars take backseat

MARKETS in Asia continued their rally on Tuesday as Wall Street turned its attention to corporate earnings for the second quarter, which commentators largely view as positive.

The talk in currency markets were mostly centred on political implications from the resignations of Brexit secretary David Davis and foreign secretary Boris Johnson over PM Theresa May's plans to maintain close trade ties with the European Union after Britain leaves the bloc.

This saw the pound sink as deep as US$1.3189.