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Markets steady ahead of G-7 summit

Volatility slightly muted as anticipation mounts over the various scenarios that may play out when Trump meets G-7

Published Thu, Jun 7, 2018 · 09:50 PM

IT was a quiet trading session on Thursday, as Singapore's key Straits Times Index (STI) opened higher before trending down during the day to finish a modest 5.27 points, or 0.15 per cent, higher at 3,473.08.

Some 1.7 billion shares worth S$1.2 billion were traded, and losers outpaced gainers 201 to 188.

Lukman Otunuga, a research analyst at FXTM, said that he expects investors to embrace a cautious approach by evading riskier assets ahead of Friday's 44th G-7 summit.

"Market volatility could be slightly muted today (Thursday) as anticipation mounts over the various scenarios that may play out when Donald Trump meets his G-7 partners in Quebec," he said.

"With the director of the National Economic Council, Larry Kudlow, stating on Wednesday that Trump is sticking with a hardline stance on trade, expectatio…

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