Trade woes drag STI to 1½-year low

WITH no end in sight for the trade tensions that have dogged markets in the past weeks, several indices, including Singapore's Straits Times Index (STI), ended Tuesday's trading at their lowest in more than a year.

Hong Kong's Hang Seng index ended at 26,422.55, reaching its lowest close since July 14, 2017; while China's Shanghai Composite Index closed at a 31-month low of 2,664.80 points.

The STI slid for a fifth straight session to end at 3,109.91, its lowest level in one and a half years. It lost 11.01 points or 0.35 per cent from Monday's close of 3,120.92, and looks to be heading towards its next support level of around 3,080 points.