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STI sees red on US-China trade deal woes

Index falls 9.09 points or 0.3 per cent to close at 3,229.78 as markets in Malaysia, South Korea and Taiwan post losses

Published Wed, Nov 20, 2019 · 09:50 PM

CONCERNS that a prospective trade deal between the US and China is teetering towards a setback bared teeth on Wednesday, via the US Senate passing the Hong Kong bill.

Needless to say, Capitol Hill has drawn the ire of Beijing, triggering a sea of red that swept across equity markets in Asia.

On the surface, Singapore's Straits Times Index (STI) appeared to weather the latest trade development better than most of its peers, falling 9.09 points or 0.3 per cent to close at 3,229.78.

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