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Singapore stocks finish higher; traders cautious ahead of key US vote
THE Straits Times Index, which on Wednesday suffered its largest one-day loss of 2017, on Thursday rebounded 8.74 points to 3,126.93 in cautious trading as investors waited for a key vote in the United States that would provide an indication of whether the Trump administration can deliver on its expansionary goals.
Turnover was moderate at 2.3 billion units worth S$1.04 billion and, excluding warrants, there were 294 rises versus 163 falls throughout the whole market.
US lawmakers are set to vote on Thursday on US President Donald Trump's healthcare plan. The success or failure of this vote is seen as an indication of whether the other plans relating to taxes and spending would materialise.