STI closes 0.3% up, bucking Asian trend
US-China trade tensions continue to hurt regional markets; STI expected to fall to 3,200 before rebounding: DBS
BUCKING the falling trend across key Asian markets, the Straits Times Index (STI) rose 0.28 per cent to close at 3,244.89 on Wednesday, the first time the index has risen since the first trading day of July.
Turnover here was 1.98 billion units worth S$1.01 billion, with losers just edging out gainers 188 to 177.
Icy trade relations between the US and China kept Asian markets depressed across the region with the looming July 6 tariffs casting a pall over equity markets.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UOB Q1 profit down 1.6% to S$1.5 billion
Google updates US$499 low-end Pixel phone, cuts tablet price
Meta will let advertisers create campaigns using new generative AI tools
Match posts sixth straight decline in Tinder users; shares fall
Reddit gains after strong sales in first report since IPO
OpenAI inks licensing deal with People magazine publisher