Singapore shares close 0.4% lower on Friday
SHARE prices in the Singapore bourse ended the week on a weak note, with the key Straits Times Index down 15.69 points or 0.44 per cent to finish at 3,513.23 on Friday.
Turnover came in at 1.5 billion shares worth S$1.03 billion versus Thursday's 1.5 billion shares worth S$1.2 billion, with 159 counters up and 219 counters down.
A whole bunch of factors hurt risk appetite, including lingering US-China trade tensions and geopolitical worries after US President Donald Trump scrapped the June 12 summit with North Korea. Those worries overshadowed encouraging domestic macro data released on Friday - April's factory output and first-quarter's business receipts.
Week-on-week, the STI lost 16 points or 0.5 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data