Singapore market continues slide

LOCAL equities continued to slide after a Wall Street session where investors were jittery over the US economic outlook, with mounting tensions in the trade war and growth worries doing the market no favours as sentiment in Asia dented further.

Singapore's Straits Times Index (STI) closed at 3,143.00, down 20.28 points or 0.6 per cent.

At a press briefing on Thursday, Chinese vice-foreign minister Zhang Hanhui said that while Beijing was against a trade war, it was not afraid.

The already fragile investor sentiment was further shaken on the growing sense that China could use rare-earth metals as a countermeasure to US tariffs. Market participants were also concerned by implications of Singapore being placed on US…