Singapore stocks finish weaker after bank selloff
US President Donald Trump's promise of a "phenomenal" tax plan may have driven Wall Street to new highs on Monday but here, a bank selloff on Tuesday after OCBC reported its latest results, led to a 39.16 points or 1.3 per cent loss for the Straits Times Index at 3,072.47, its biggest single-day drop of 2017.
Volume was above average at 3.3 billion units worth S$1.47 billion with continued rotational playing of penny stocks providing a significant outlet for the market's speculative energies. The advance-decline score excluding warrants was 176-310.
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
Bitcoin 'halving' has taken place: CoinGecko
Wall Street bonus rules return to regulatory agenda in third try
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade