LACKING catalysts, regional markets drummed to their own beat on Tuesday, with the Singapore market continuing to trade moderately lower, weighed down by financials.
The Straits Times Index was trading at 3.167.24, down 3.53 points or 0.1 per cent, as at 1.04pm on Tuesday. "Against the backdrop of a lack of reaction toward US President Donald Trump’s words and the vacuum of leads, Asia markets look to trade to its own tune from a mixed but muted start to Tuesday," IG market strategist Pan Jingyi observed.
Shortly after the afternoon session commenced, volume on the Singapore bourse clocked in at 307.42 million securities traded and a total turnover of S$331.20 million. With investors on the sidelines, volume and turnover are on track to finish below their respective averages over their averages from the first four months of the year.Across the market, decliners beat advancers 144 to 134. Meanwhile, the benchmark index had 15 of the STI's 30 components trading in the red.
Among regional markets, Australia, Japan and Malaysia were up 0.5 per cent, Hong Kong added 0.7 per cent and China advanced 1.1 per cent. Meanwhile, South Korea was flat.
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