STI posts subdued gains amid US recovery plans, China GDP data

Claudia Tan HS

Published Fri, Apr 17, 2020 · 09:50 PM

THE Straits Times Index ended Friday up 2.35 points or 0.1 per cent at 2,614.60.

Elsewhere in Asia, markets were mostly up due to optimism over the United States' plans to reopen the economy, as well as slightly better than expected China gross domestic product (GDP) data.

China saw a 6.8 per cent contraction in GDP in the last quarter, the first negative growth reported since the early 1990s.