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Markets perk up on US-China trade talks

Local stocks with Chinese exposure make gains but analysts warn of continued risk ahead, as tit-for-tat tariffs go 'on hold'

Annabeth Leow

Published Mon, May 21, 2018 · 09:50 PM

Straits Times Index

A THAW in trade tensions between the United States and China lent hope to local equities on Monday, although some of the rosiness evaporated over the course of the day.

The benchmark Straits Times Index (STI) slid from a morning peak to finish up 18.96 points, or 0.54 per cent, to 3,548.23. But losers beat gainers 201 to 193 on the full bourse, as 1.28 billion shares changed hands for S$1.04 billion.

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