STI dips, market awaits phase one details

WITH a phase one deal between the US and China finally getting the green light, it could be argued that Asian equities had a rather tame start to the week after last Friday's agreement suggested that trade relations appear to have turned the corner.

But the devil is in the details, something the recent announcements lack, with market watchers noting that more details will be needed before they act.

Singapore's Straits Times Index (STI) hovered around last week's closing for most of the session before a late dip to close Monday trading at 3,206.09, a decline of 7.96 points or 0.25 per cent.