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Asia markets dip on global growth issues

But Singapore market is unaffected as Straits Times Index adds 6.64 points or 0.2 per cent to close at 3,229.48

Published Thu, Mar 7, 2019 · 09:50 PM

INVESTORS have been looking to a positive ending to the US-China trade relationship and China's fiscal stimulus measures to boost its economy to have a positive effect on markets.

But they could not shake off the reality that was staring down at them - that global growth rates are falling.

The dip in sentiment came after the Organization for Economic Co-operation and Development (OECD) said on Wednesday that it was lowering its global growth forecast for 2019 to 3.3 per cent, from the prior 3.5 per cent.

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