STI stays resilient in face of Dow sell-off
Index ends just 2.44 points down after plunging 35 points to intraday low; banks put up mixed performance
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE resilience displayed by the Straits Times Index on Wednesday to political upheaval in Washington and turmoil on Wall Street extended into Thursday, when the index first plunged 35 points to an intraday low of 3,189 but ended with a net loss of just 2.44 points at 3,221.66 in the wake of the US market's largest selloff in about nine months.
Turnover was in line with recent averages at 1.8 billion units worth S$1.3 billion and excluding warrants, there were 167 rises versus 275 falls.
The selling of US stocks on Wednesday came after news that US President Donald Trump may have asked former FBI director James Comey to stop investigating former national security adviser Michael Flynn's alleged links to Russia, the worry being whether such a request amounted to obstruction of justice.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
