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STI dips as China posts slower Q2 growth
Analysts think this might only be the start, as China's economy could be harder hit if the trade war escalates
Add BT as a preferred sourcePublished Mon, Jul 16, 2018 · 09:50 PM
CONTINUED trade tensions as well as a slip in China's headline gross domestic product from the first quarter led Singapore's key Straits Times Index (STI) to finish lower on Monday.
Analysts think that this might only be the start, as China's economy could be harder hit if the trade war escalates.
The index lost 27.56 points to finish 0.85 per cent lower at 3,232.79 on Monday. Turnover came in at 1.73 billion shares worth S$890 million versus last Friday's 1.72 billion shares worth S$917.5 million. Losers outnumbered gainers with 237 counters down and 159 counters up.
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