Trade talk speed bumps fail to hold back STI
Singapore benchmark gains 11.37 points to close at 3,110.85; other Asian markets also move higher
IN contrast with Wall Street's Monday showing, Asian equities were mostly higher despite worrying signs that this week's trade negotiations between the US and China have hit some pre-talk speed bumps.
Singapore's Straits Times Index (STI) closed at 3,110.85, adding 11.37 points or 0.4 per cent on Tuesday.
Elsewhere in the Asia-Pacific, Australia, China, Hong Kong, Japan and South Korea all posted gains. Malaysia was little moved.
Returning from the break, markets in China and Hong Kong were given an additional boost after Chinese services sector data for September grew at its slowest pace in seven months. This increases hope that Beijing w…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’
Asia: Markets mixed as global rally stalls, eyes on yen
Morgan Stanley Asia private equity unit to reorganise as CEO retires
Mercedes says it will continue to invest in China tie-ups
Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
Gold trades in tight range as market focuses on US economic data