Virus fears continue to unsettle investors
Wall Street turns in a positive showing on Wednesday but regional markets fail to follow suit
WALL Street turned in a slightly positive showing on Wednesday, thanks to strong earnings by US corporates, but regional equity markets failed to follow suit.
Investors in Asia remain unsettled over how the Wuhan coronavirus will spread across the Chinese New Year holidays.
Singapore's Straits Times Index (STI) was mired in the red, closing at 3,234.56 on Thursday, after giving up 19.37 points or 0.6 per cent. North-east Asian benchmarks in China, Hong Kong, Japan and South Korea averaged a 1.5 per cent fall.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Barclays cuts jobs in energy transition team it only just built
UMS Holdings Q1 net profit drops 44% to S$9.8 million
SIA Engineering H2 profit rises 11.5% to S$37.8 million on robust aviation MRO demand
Great Eastern shares jump 39% as OCBC mounts S$1.4 billion privatisation bid at S$25.60 per share
US: Wall St opens higher, focus on comments from Fed officials
Vicom Q1 net profit up 1.3% to S$6.9 million