STI fails to sustain early gains despite Wall Street rally
There are signs of US Covid-19 cases slowing but strategists say a V-shaped recovery is still far from sight.
Claudia Tan HS
SINGAPORE equities were mostly lower on Wednesday, after failing to sustain its morning gains.
The Straits Times Index fell 1.1 per cent or 29.01 points to 2,605.56.
This was despite an overnight rally on Wall Street that was prompted by signs of Covid-19 cases coming to a plateau in the United States.
TRENDING NOW
LTA proposes combining car COE categories, adding rebate-surcharge system
StarHub to acquire MyRepublic’s mobile business amid ongoing telco consolidation
DBS, OCBC, UOB rout lops billions off STI as inflation, rate concerns spook investors
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose