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STI dips, bucking regional trend
Financials weigh on the index's performance, but advancers outpace decliners 188 to 177
Add BT as a preferred sourcePublished Tue, May 28, 2019 · 09:50 PM
REGIONAL markets drummed positively to their own beat in a Tuesday session that lacked market catalysts. But the local market bucked the trend closing lower, weighed down by financials.
Singapore's Straits Times Index (STI) closed at 3,165.32, down 5.45 points or 0.2 per cent. Elsewhere in Asia, China, Hong Kong, Japan, Malaysia and South Korea closed higher.
"Against the backdrop of a lack of reaction towards US President Donald Trump's words (on not being ready to make a trade deal with China) and the vacuum of leads, the local STI had largely waffled along," IG market strategist Pan Jingyi noted.
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