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STI dips on rising trade friction
One analyst says tumbling Argentine peso could trigger a renewed wave of emerging market currency rout
Add BT as a preferred sourcePublished Thu, Aug 30, 2018 · 09:50 PM
THE Straits Times Index (STI) ended in the red for the second straight day in the week, on the back of rising tensions between the US and China fuelling further animosity between the two and sending waves across key Asian markets.
Both Singapore and Indonesia tracked broader Asian shares lower on fears that cooling economic growth in China - amid its quarrels with the United States - had dampened investor sentiment.
The Hang Seng fell 0.9 per cent, while the FTSE Bursa Malaysia Kuala Lumpur Composite Index ended flat.
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