STI ends mixed week in positive territory

POSITIVE news on Thursday that the US is considering lifting tariffs and offering a tariff rollback on China played a key role in driving investor sentiment to a positive close of the trading week in Asia.

In Singapore, this contributed to the Straits Times Index (STI) ending the day up 9.90 points or 0.3 per cent at 3,224.34. While it was a mixed week of trading, the blue-chip benchmark gained 0.8 per cent or 25.69 points since closing at 3,198.65 last Friday.

IG market strategist Pan Jingyi said: "The impact from the weaker than expected December trade performance from China on Monday had been a short-lived one as announcements for more Chinese stimulus, US earnings and trade hopes lif…