Loss in Dow futures drags STI down
CMC Markets says headwind from the US is likely to have a negative impact on Asian markets in the days to come
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STOCKS weakened on Monday in response to a triple-digit loss in the Dow futures that came after the Donald Trump administration on Friday failed to push ahead with its healthcare reform - a failure that called into question its ability to gain Congressional approval for the upcoming budget.
The Straits Times Index (STI) spent the whole day in the red before ending at 3,126.88, a loss of 16.02 points that came with turnover of 3 billion units worth S$1.08 billion.
There were 177 rises versus 285 falls, excluding warrants. At 5pm, the Dow futures was down 142 points.
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