Singapore bourse dips on weak retail sales data

Other Asian markets gained; local trading still muted after Chinese New Year, but should pick up with earnings season

Published Tue, Feb 12, 2019 · 09:50 PM

TUESDAY'S trading yielded gains for most Asian markets, but the Singapore bourse fared a little worse, ending the day with the Straits Times Index (STI) down 0.16 per cent or 5.12 points to 3,201.15.

The key index held onto early gains before the midday break, then took a bumpy ride downwards in the afternoon session after the latest release of local retail sales data showed a 6 per cent year-on-year decline in December and a 0.7 per cent slump for 2018.

Sales were dragged down by motor vehicles, and would have registered a 1.1 per cent annual increase with the segment omitted.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to

Companies & Markets


Get the latest coverage and full access to all BT premium content.


Browse corporate subscription here