STI slides on slow output, trade worries

REGIONAL markets closed lower on Tuesday after investor enthusiasm over seeming progress on US-China trade talks diminished, and turned into uncertainty once again.

Shares in Singapore slid, with the Straits Times Index losing 0.33 per cent or 10.69 points to 3,261.66. Losers outnumbered gainers 215 to 185, with 1.33 billion securities worth S$1.09 billion traded.

US President Donald Trump initially raised hopes of signing a new trade deal with China, but later deflated them by saying a deal "might not happen at all".