STI slips 0.6% in quiet session ahead of Polling Day
Much of the region however posted gains, from key gauges in Japan, Hong Kong, Taiwan, S Korea, China to Australia.
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE shares closed lower on Thursday, with the key Straits Times Index falling 16.84 points or 0.6 per cent to 2652.65 on a quiet trading day ahead of Friday's polling in the city state and the release of key US jobless data.
Much of the region however posted gains, from key gauges in Japan, Hong Kong, Taiwan, South Korea, China to Australia. Like Singapore, the Malaysian market was another outlier and closed marginally lower.
"Trading ranges continue to narrow as exchange volumes dwindle. Summer markets, yes, but also reflective of the fact that no one has seems to have much conviction on anything right now," said Stephen Innes of AxiCorp on the general trading mood in Asia.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result