STI down 0.4% as growth worries return

THE Singapore market returned to cautious trading on Thursday, a day after tracking the US markets' brief rally to all-time highs on strong earnings.

The Straits Times Index (STI) closed down 0.36 per cent or 12.15 points to 3,350.28.

This came after key indices in the US struggled to sustain their rally and closed lower overnight, while a decline in business sentiment in Germany and weak growth data from South Korea reignited worries about global growth.