STI slips ahead of US GDP data and on Wall St's overnight losses
SINGAPORE stocks edged down slightly on Friday, ahead of strong US data revealing that its economy grew 4.1 per cent in the second quarter.
The key Straits Times Index (STI) tracked overnight Wall Street losses to shed 3.62 points, or 0.1 per cent to 3,324.98, after touching an intraday low of 3,313.45 in the morning.
Nonetheless, the index is still up 0.8 per cent for the week, and well above the trough of 3,191.82 last seen on July 7, the day after the property cooling measures were announced.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DBS customers unable to log into digibank, PayLah! on Thursday
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Amazon bets big with CrowdStrike on cybersecurity products
Goldman Sachs scraps EU-era bonus cap for top bankers in UK: source
Thomson Reuters lifts 2024 forecast on first quarter revenue result
US: Wall St opens higher after Fed leaves interest rates alone