THE Straits Times Index drifted for most of Tuesday's session, tracking movements in the Dow futures and Hong Kong before ending at 2,879.14 for a gain of 4.49 points on the day. More importantly, however, was that turnover slipped to 1.9 billion units worth S$1.03 billion compared to Monday's S$1.1 billion. Excluding warrants, there were 177 rises versus 225 falls.
Traders said there were signs that the post-Trump, "risk-on'' rally might be losing momentum, probably as markets come round to the realisation...