STI down 0.43% as trade tensions persist

Index sheds 13.47 points to close at 3,120.92; analysts expect Asian markets to remain cautious and bearish

Published Mon, Sep 10, 2018 · 09:50 PM

ASIAN markets closed mixed on Monday amid uncertainty over the US' continued tariff feuds with Canada and China. Hong Kong and Singapore markets fell at their close while South Korea and Tokyo snapped three-day and six-day losing streaks respectively.

The key Straits Times Index (STI) fell 13.47 points or 0.43 per cent to end at 3,120.92. About 1.8 billion shares worth S$905.8 million changed hands, compared with 1.2 billion shares worth S$824.7 million on Friday. Losers outnumbered gainers 281 to 135.

The most actively traded stock was Rex International Holding, which gained 0.1 Singapore cent or 1.19 per cent to end at 8.5 Singapore cents with 122.2 million shares traded.

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