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Market snaps 3-day losing streak

Meanwhile, local banks' Q1 earnings leave investors mixed over upside risk from potential rate-hike action

Published Tue, May 8, 2018 · 09:50 PM

MOUNTING Washington-Teheran tensions and Singapore banks' first-quarter showings both gave traders reason to bite their nails on Tuesday.

The benchmark Straits Times Index (STI) snapped a three-day losing streak to inch higher by 10.31 points, or 0.29 per cent, to 3,543.17.

Separately, losers beat gainers by a thin 207 to 200 on the full bourse, with 1.75 billion shares changing hands for S$1.17 billion.

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