Cautious start to the new week in Singapore

LACKING catalysts, the local equities market got the week off to a cautious start - and like its regional peers, was the site for muted action.

The Straits Times Index (STI) finished at 3,311.53, down 9.87 points or 0.3 per cent.

It was mixed across the region, with markets in Australia, China, Hong Kong and Japan notching up modest gains. South Korea was flat and Malaysia closed lower.

Vanguard Markets' managing partner Stephen Innes said: "We were calling for a mixed start today regard…