STI takes a breather; snaps 5-day winning streak
Most other regional bourses also eased off except for China, with Shanghai Composite extending gains by 0.4%.
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE shares closed lower on Tuesday, snapping a five-day winning streak with the Straits Times Index (STI) losing 28.19 points or 1.05 per cent to finish at 2,661.42.
Most other regional bourses also took a breather from the recent strong rally, although there was no stopping China, with the Shanghai Composite extending gains by another 0.4 per cent on Tuesday.
Trading sentiments have improved lately as more countries reopened their economies and eased lockdown restrictions. Caution prevailed, however, as a lockdown returned in Melbourne, Australia.
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
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
