STI dips, bucking regional trend

Benchmark slips 4.88 points to close at 3,251.07; China, Hong Kong, South Korea and Taiwan post comfortable gains

Published Mon, Jan 13, 2020 · 09:50 PM

WITH investors looking to Wednesday's signing of the US-China "Phase One" trade deal in Washington, Asian markets had a calm start to the week despite some market participants offloading positions ahead of the US corporate earnings season.

"Overall, risk sentiment looks positive on the back of optimism over an improvement in the economic relationship between the US and China ahead of the 'Phase One' signing this week," AxiTrader chief Asia market strategist Stephen Innes said.

In the Singapore market, the Straits Times Index (STI) spent Monday trading in range and hovering around last Friday's close of 3,255.95. It eventually settled at 3,251.07, a dip of 4.88 poin…

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