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Property plays a bright spot in cautious session
Straits Times Index drifts lower to end session at 3,126.14, down 8.57 points or 0.3 per cent; other Asian markets also weaken
Add BT as a preferred sourcePublished Thu, Oct 17, 2019 · 09:50 PM
GOING by recent actions in Asia's equity markets, investors seem to be clinging onto positive news, be it hopes of a Brexit deal or signals of a strong US corporate season.
But they were reminded on Thursday of the reality of global growth concerns, US-China issues, as well as doubts over a Brexit deal, which made for a cautious session.
There could be some upside for equities on Friday after UK Prime Minister Boris Johnson announced at the close of the Asia session that a new Brexit deal with the European Union was reached.
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