Singapore stocks: STI resumes Friday afternoon at 3.155.60, down 0.2% on day

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THE Singapore market continued to trend lower, with sentiment weighed down by the US-China trade spat and dipping global growth, sending investors to safe-haven assets. Read more at The Business Times.

THE Singapore market continued to trend lower, with sentiment weighed down by the US-China trade spat and dipping global growth, sending investors to safe-haven assets.

"It’s taken quite a while, but finally, markets appear to be starting to price in the effect of an extended US-China trade war on global growth," said Oanda senior market analyst Jeffrey Halley. Among them, Yangzijiang Shipbuilding was the benchmark index's most traded stock, with 26.9 million shares changing hands. The shipbuilder was trading one Singapore cent or 0.7 per cent lower at S$1.37.

 

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