STI avoids sixth straight loss - just
Brokers say the worst is not over as the benchmark index ends the third quarter with a 16% loss
THE Straits Times Index on Wednesday underwent a volatile session spent tracking movements in Hong Kong and China as well as the futures market for US benchmarks.
It first fell 15 points to an intraday low of 2,772 before rebounding into positive territory in the wake of gains in the Hang Seng and Shanghai Composite and a 140-point or 0.9 per cent rise in the Dow futures that brought hope that Wall Street would rally on Wednesday.
Most of these gains were erased at the close, though the index managed to avoid a sixth straight…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Micron poised to get over US$6 billion in chips grants in announcement next week
Gold gains as Middle East tensions lift safe-haven appeal
New Cadence supercomputers aim to speed creation of chips, software
Singapore shares climb at Thursday’s open; STI up 0.3%
China education firms learn tough lessons overseas
Keppel Pacific Oak US Reit posts 8.8% fall in distributable income for Q1