Soft leads make for muted trading session
But fresh round of earnings reports could put some pep in the Singapore market
LOCAL equities were subdued on Monday, with the bourse seeing a churn of 1.57 billion shares for a value of just S$1.14 billion.
The benchmark Straits Times Index oscillated around a one-day average of 3,576.78, before closing almost flat at 3,579.54 - a gain of 6.16 points, or 0.17 per cent.
DBS chief economist Taimur Baig seemed to pick up on an "every man for himself" mood in Washington. In the wake of recent International Monetary Fund and World Bank Group's spring meetings, he wrote: "With the US pushing aggressively on trade, currency regimes, fiscal policy, immigration and deregulation, the rest of the world appears to be largely in reaction mode, for better or for worse."
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