News of US-China trade talks lift STI up 1.5% on Friday
SINGAPORE stocks rebounded on Friday to end the week on a higher note, with the Straits Times Index (STI) advancing 1.5 per cent or 46.35 points to 3,059.23.
This came on the back of roughly 1 per cent declines in the previous two sessions. Overall, the STI also finished the week 0.19 per cent higher than last Friday's close of 3,053.43.
Stocks across Asia, including Singapore's, had started the day on weaker footing after Wall Street sell-offs overnight, but were boosted in the afternoon after China's commerce ministry said the US and Chinese would hold vice-ministerial level negotiations over trade in Beijing on Jan 7-8. The two countries are now in a 90-day tariffs truce, but have yet to resolve differences. Most As…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cordlife customers push for legal action
SK Hynix expects full chip recovery after Q1 earnings surprise on AI boom
Singapore shares retreat at Thursday’s open; STI down 1.1%
Malaysia weighs casino licence to revive Forest City
Frasers Centrepoint Trust posts 1.8% drop in H1 DPU to S$0.06022
TSMC says ‘A16’ chipmaking tech to arrive in 2026, setting up showdown with Intel