STI shrugs off trade worries to end higher on Friday
SHRUGGING off news that the US and China are "miles and miles" away from reaching a trade deal, stock markets across Asia rode gains in US tech stocks to close mostly higher on Friday.
Singapore's Straits Times Index (STI) continued heading up from the day before, gaining 11.52 points or 0.36 per cent to close at 3,202.25. However, heavier losses earlier in the week meant that the benchmark ended down 22.09 points or 0.69 per cent from last Friday's close of 3,224.34.
US Commerce Secretary Wilbur Ross on Thursday tried to moderate expectations for the Jan 30-31 trade talks, telling CNBC: "There's been a lot of anticipatory work done, but we're miles and miles from getting a resolution and that …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try
Honda to invest US$808 million in Brazil by 2030
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
Telegram messaging service to allow Tether stablecoin payments