Singapore banks rise in mixed day on STI
Elsewhere in Asia, Australia, China and Malaysia end lower while Japan and South Korea finish higher
INVESTORS both in Singapore and the region had to contend with US 10-year Treasury yields hitting a more than two-week high as well as a disappointing factory reading from China - resulting in a mixed session in Asia.
Singapore's Straits Times Index (STI) managed to notch up gains after closing flat on Monday. The benchmark added 9.38 points or 0.3 per cent to finish at 3,155.71 on Tuesday.
Elsewhere in the Asia-Pacific, Australia, China and Malaysia ended lower. Japan and South Korea were higher while Hong Kong closed flat.
TRENDING NOW
High Court rejects bid to bring ST Engineering unit into trademark infringement suit over RSAF aircraft parts
Ex-Sakae director Ong Siew Kwee handed 10.5-year jail term for misappropriating S$15.8 million, lying in court
DBS sees choppy Q3 for STI as investors pivot from Singapore banks to listcos that are unlocking value
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks