Losing streak continues on trade talk woes
STI fares better than its regional peers, but still slips 14.14 points to 3,269.70
THE Singapore market was not spared as stocks in Asia continued to slide on worries over the potential breakdown in US-China trade talks.
"For fear of sounding like a broken record, it was a sea of red cutting across the region as trade fears reigned supreme," IG market strategist, Pan Jingyi, observed.
"The heightened sense of volatility is expected to sustain until a clearer picture on trade can be derived."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama