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STI dips further as hopes for trade deal fade

Golden Agri-Resources ends lower as day's most actively traded counter; local banking trio continue their retreat

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Published Wed, Dec 4, 2019 · 09:50 PM
Dip

IT never rains, but it pours.

This was the likely thought in investors' minds after US President Donald Trump stepped up his recent offensive by suggesting that a US-China trade deal might not happen until after the US presidential elections in 2020.

The possibility of that sent Wall Street tumbling on Tuesday, with regional markets picking up on the slide on Wednesday.

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Yeoh Pei Xien is the youngest grandchild of Yeoh Tiong Lay, who founded Malaysian multinational conglomerate YTL Corporation.

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