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ST Index finding support at 3,200

US action on foreign telco equipment sends tech counters down, but defensively positioned Netlink NBN Trust up

Published Thu, May 16, 2019 · 09:50 PM

VOLATILITY remains the mantra as regional markets continued to ebb and flow on Thursday, contributing to a mixed session in Asia.

But the Singapore market managed to trend upwards after opening lower following Washington's move to ban US companies from using foreign telecoms equipment.

Entering the mid-day break flat, the Straits Times Index (STI) continued to reverse the early session's dip to close up 11.49 points or 0.4 per cent at 3,230.26.