STI falls 14.84 pts, another lacklustre day
Market strategist suggests that Singapore equities may have yet to bottom out, and that the market is risk-averse
SINGAPORE stocks struggled to wake up on Wednesday, instead pulling the covers back over themselves, grumbling about how nobody else was up and that there was too much uncertainty about China to do much anyway. They eventually sank deeper into the bed by about 0.5 per cent by the time the closing bell rang.
The blue chip-dominated Straits Times Index (STI) fell by 14.84 points to close at 2,861.19 amid a regional pullback.
The Hang Seng Index in Hong Kong slipped 0.46 per cent or 101.37 points to close at 21,803.76; over in Japan, the Nikkei 225 declined by 0.98 per cent or 191.53 points to head out at 19,301.07.
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