Cloudy, with a chance of tech stock dips
Technology companies may issue profit warnings in Q4 earnings season as the US-China trade war takes its toll
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
MONDAY'S sunny skies came and went too quickly. Most regional markets traded lower on Tuesday, with any gains bidded only modestly higher, as investors continue to hold out for breakthroughs in trade negotiations between the US and China.
One of those bucking the markets' downward trend was the local bourse. Singapore stocks closed with gains on Tuesday, with the Straits Times Index rising 0.65 per cent or 20.14 points to 3,122.94. Advancers outpaced decliners 207 to 170 on turnover of some 1.3 billion shares worth S$880.4 million.
Local lenders DBS (up 0.67 per cent to S$23.91), OCBC Bank (up 1.14 per cent to S$11.50) and United Overseas Bank (up 0.88 per cent to S$25.17) helped the index onto higher ground.
Copyright SPH Media. All rights reserved.
