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STI closes flat in mixed Asian trading

Shares end 3 points lower amid cautious stance; DBS says full-blown US-China trade war unlikely

Published Tue, Jul 3, 2018 · 09:50 PM

THE Straits Times Index (STI) closed relatively flat on Tuesday amid choppy trading in Asian markets, still plagued by trade storm clouds on the horizon.

The STI ended 0.1 per cent lower or 3.04 points to close at 3,235.90, after reaching an intraday high of 3,239.91.

Turnover was 1.84 billion units worth S$1.13 billion. There were 202 falls versus 176 rises.

The STI had rebounded in early trading on Tuesday, helped by a strong US session on Monday.

"The local market has exhibited resilience against headwinds from overseas markets. In the near-term, 3,200 and 3,300 remain strong support and resistance…

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