STI sees sixth straight day of losses

INFERENCES that the US Federal Reserve was in no hurry to raise rates, based on the Fed's meeting minutes that had lifted US equities overnight, failed to lift sentiments on the local bourse.

Instead, investors may be focused on growth concerns here on the back of a string of weak macro data, hence dragging the key Straits Times Index (STI) down 6.4 points or 0.2 per cent to 2,836.98 at Thursday's close.

This marked the local stock market's sixth straight day of declines, leaving the STI in the red by 1.6 per cent this year.