STI inches up amid global woes
Singtel gives benchmark a boost, with the index ending 3.17 points higher at 3,330.82
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CONCERNS over a global economic slowdown and trade tensions between the US and the European Union appeared to affect regional benchmarks in Asia more on Thursday.
But The Straits Times Index (STI) still managed to close higher, even after tumbling from a high of 3,346 in the first hour of trading. The blue chip index closed at 3,330.82, 3.17 points or 0.1 per cent up.
The early gains on the benchmark index "appear to be technically driven, with the breakout from the 3,330 resistance bringing in interest," IG market strategist Pan Jingyi, observed.
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