STI posts slight losses ahead of new year
Asia markets refusing to join last-gasp trade euphoria on Wall St, instead focusing on book-squaring and profit-taking
UNLIKE their Wall Street counterparts last Friday, Asian equities continued to have a relatively quiet but mixed session ahead of the New Year.
"Asian markets are stubbornly refusing to join in the last gasp trade euphoria prevalent on Wall Street," wrote Oanda Asia-Pacific senior market analyst Jeffrey Halley to clients.
He added: "The overall picture is one of book-squaring and profit-taking in Asia with investors preferring to wait until next week before loading up on the first trades of a new decade."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
McDonald's sales miss estimates as customers cut back spending
Coca-Cola raises annual organic sales forecast on global demand, higher prices
No extension to 6-month pause on DBS’ non-essential activities, but 1.8 times multiplier stays
CSE Global records S$186.2 million in Q1 new orders, up 16.7%
HSBC CEO to retire; bank reports 1.7% lower Q1 profit of US$10.8 billion
Huawei profit surges 564% as it eclipses Apple in China