STI climbs 0.2% on upbeat prospects for global growth
Add BT as a preferred source
Anita Gabriel
DeeperDive is a beta AI feature. Refer to full articles for the facts.
TRADERS evidently couldn't find one good reason to sell as they capped the second trading week of the new year. On the contrary, there were plenty of reasons not to quit the show ahead of the release of some key US data and rising oil prices, as optimism over the health of the global economy stayed strong.
The key Straits Times Index snapped two straight days of losses that were led by profit-taking activities and inched back up again by 7.9 points or 0.2 per cent to finish at 3,520.56 on Friday, shrugging off soft trade data in December out of China.
The moderation in China's trade figures was somewhat expected mainly because the November export figures were "so strong".
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
