THE local equities market, like its global peers, faced a relief rebound on Wednesday on news that Washington delayed tariffs on certain Chinese imports. While China's data dump for July disappointed, sentiment was little dented for market participants who have had to contend with recent political and economic worries.
Elsewhere in the Asia-Pacific, shares in China, Hong Kong, Japan, Malaysia and South Korea dropped while Australia was flat. The local banks reversed Tuesday's losses. DBS Group Holdings was up S$0.21 or 0.9 per cent at S$25.02. Meanwhile, OCBC Bank gained S$0.16 or 1.5 per cent to S$11.16 and United Overseas Bank added S$0.20 or 0.8 per cent to S$25.95.
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Singapore stocks: STI resumes Tuesday afternoon at 3,145.06, down 0.75% on daySINGAPORE stocks resumed trading in negative territory on Tuesday afternoon, with the Straits Times Index down 0.75 per cent or 23.88 points on the day to 3,145.06 as at 1.03pm. Read more at The Business Times.
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