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Asia-Pacific markets close in sea of red

Slump suggests that markets are bracing for more backlash from trade risks; STI ends at 3,146.73, down 22.21 points or 0.7%

Published Tue, Aug 13, 2019 · 09:50 PM

Singapore Stocks

THE impact of geopolitics on market performance is at times understated - but its effect was clearly felt on Tuesday.

The Singapore market returned from the four-day weekend to an environment blighted by fears of a long-drawn trade war between the US and China; protests in Hong Kong; and to a lesser extent, Argentines turning on their incumbent president in a primary vote.

Sentiment on local equities were also weighed down by Singapore's non-oil domestic exports tumbling 14.6 per cen…

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