STI pares loss to end turbulent week 0.2% down
SINGAPORE'S bourse ended the week down by 0.2 per cent - not the most ideal but paring the 0.8 per cent loss encountered in the beginning of the week.
It capped a mixed week of trading for Asian stocks which endured issues ranging from rising US interest rates to global geopolitical tensions and the omnipresent US-China trade conflict.
One of the biggest data points came from China's economy, which grew 6.5 per cent year on year but was the slowest rate since 2009.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results