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Market resilient to US political concerns

STI rebounds in late afternoon to end at 3,224.1, for a net loss of only 3.61 points, from an intraday low of 3,207

Published Wed, May 17, 2017 · 09:50 PM

THE local stock market on Wednesday shrugged off political worries surrounding the Trump administration that drove the Dow futures down by more than 100 points in the afternoon. After dropping to an intraday low of 3,207, the Straits Times Index rebounded in the late afternoon to finish at 3,224.1, for a net loss of just 3.61 points.

Turnover throughout the whole market was a moderate 2.3 billion …

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