Asia: Markets rebound but Singapore’s dips 0.7%

KEY gauges in Asia Pacific were trading higher on Tuesday (Aug 6), after a rout a day ago that saw Tokyo’s logging a record one-day dive of 12.4 per cent.

However, Singapore’s Straits Times Index (STI) was an outlier, extending its decline by 0.7 per cent as the banking trio with their 45 per cent weighting dragged the index down.

UOB slid S$0.44 or 1.5 per cent to S$29.64, DBS was down 0.8 per cent or S$0.27 at S$33 and OCBC slipped 0.1 per cent or S$0.01 to S$14.01. Seatrium was the worst performing STI stock, having declined S$0.04 or 2.7 per cent to S$1.43.