Asian markets close mixed, STI inches up

Keppel Corp leads gains in benchmark index; Rex International sees heavy trading to be volume leader

Published Thu, Sep 20, 2018 · 09:50 PM

SINGAPORE shares tracked Wall Street gains overnight to inch slightly higher on Thursday in yet another day of muted trading, as Asian bourses closed mixed.

One dealer noted that trading has been relatively quiet recently since "nobody is exactly sure where the markets are headed". This comes as investors await for the full impact of the new tariffs imposed by China and the United States to pan out.

The benchmark Straits Times Index (STI) advanced 3.86 points, or 0.1 per cent, to 3,180.43 by the closing bell, with losers outnumbering gainers 184 to 180. Some 1.65 billion shares worth S$926.7 million changed hands, versus a turnover of 1.3 billion shares worth S$988.4 million on Wednesday.