STI adds 0.5% as trade war jitters ease
Markets are in temporary relief but investors would do well to remain wary as bearish bias remains, say analysts
Add BT as a preferred sourceAFTER two days of bloodletting, Singapore stocks rebounded on Wednesday as the US dialled back on hawkish rhetoric over a protracted trade war with China.
The local benchmark opened up 0.11 per cent in the morning and climbed during the session to finish at 3,184.69, up 0.45 per cent or 14.22 points. Trading activity picked up in the latter half of the session, with 994.44 million shares worth S$1.14 billion changing hands.
Speaking to CNBC on Tuesday, Larry Kudlow, director of the White House National Economic Council said the Trump administration wants to continue trade talks with China and is still planning to host a Chinese delegation for talks in September.
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