SUBSCRIBERS
Asia markets trade mixed; STI falls 1.11%
Uncertainty over upcoming US consumer price index data and MAS policy meeting contributes to cautious mood
Add BT as a preferred sourcePublished Wed, Oct 10, 2018 · 09:50 PM
ASIAN markets closed mixed on Wednesday, as investors hesitated amid worries about global growth.
On Tuesday, the International Monetary Fund (IMF) cut its global economic growth forecast for the first time in more than two years, to 3.7 per cent from 3.9 per cent for this year and next.
The fund cited risks such as escalating trade tensions between the US and other countries and stresses in emerging markets, with chief economist Maurice Obstfeld saying that "growth has proven to be less balanced than we had hoped".
Copyright SPH Media. All rights reserved.
