STI steadies to end 0.08% lower
Calmer mood confirms Monday sell-off caused more by risk-off sentiment than fundamentals, analysts say
Add BT as a preferred sourceAFTER starting the week rattled by financial turmoil in Turkey, Asian markets found their footing on Tuesday, with analysts noting that the quieter mood reaffirmed that Monday's sell-off was based more on a risk-off sentiment rather than on fundamentals.
Seoul, Tokyo and Sydney recorded gains after falling the day before. On the Singapore bourse, the key Straits Times Index ended flat at 3,242.87, down a mere 2.47 points or 0.08 per cent from 3,245.34 the day before.
About 1.84 billion shares worth S$1.06 billion changed hands in the session, compared with 2.31 billion shares worth S$1.2 billion on Monday. Losers slightly outnumbered gainers 208 to 201.
TRENDING NOW
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts
Sats slides 13.6% as investors dump shares on profit-margin squeeze
When every phone becomes a satellite phone, what happens to Asia’s telcos?
