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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won