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Singapore shares dip on China's yuan moves

STI drops as much as 1.6% but regains ground over the session to close 24.04 points or 0.75% lower at 3,170.47

Published Tue, Aug 6, 2019 · 09:50 PM

SINGAPORE stocks continued to take a beating on Tuesday as escalating US-China trade tensions rattled investors, but pared back early losses after Beijing moved to stabilise the yuan.

The Straits Times Index dropped as much as 1.6 per cent to a near two-month low but regained ground steadily over the session to close at 3,170.47, lower by 24.04 points or 0.75 per cent.

Losers outnumbered …