STI posts slight losses on Friday but adds 1.2% on the week

MARKETS got increasingly confident as the week progressed due to a de-escalation in the trade dispute between the US and China.

But it was really the effect of Hong Kong chief executive Carrie Lam's significant concession - the full withdrawal of the extradition bill - that proved to be the difference for Asian markets which gained this week.

On Friday, Singapore's Straits Times Index (STI) did, however, slip late in the session, bucking the regional trend to end at 3,144.48, down 2.58 points or 0.1 per cent.