STI pares loss to end turbulent week 0.2% down
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result