Singapore market dips on US, China issues
Straits Times Index falls in muted trading to close at 3,207.66, down 13.26 points or 0.4 per cent
RENEWED pain points between the US and China saw the Singapore stock market dip early, from which it failed to recover as trading remained muted ahead of the US Federal Reserve policy decision.
The Straits Times Index (STI) fell by as much as 0.7 per cent before closing 13.26 points or 0.4 per cent lower at 3,207.66.
Even though 11 of the STI's 30 constituents ended the day in the black, CMC Markets' Margaret Yang noted that the benchmark index "managed to hold above the key support level at 3,200".
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