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Singapore stocks retreated on Friday morning—STI dropped 0.2% Singapore News

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Singapore stocks retreated on Friday morning, Oct 25, following mixed performances in global markets overnight. The Straits Times Index dropped 0.2%, or 5.56 points, to 3,599.

39 by 9:01 am, The Business Times reports.

Chinese agritech firm Zixin led the trading volume. It gained 3.6%, or S$0.001, to reach S$0.029 after 7.4 million shares were exchanged. Other heavily traded stocks included Thai Beverage, which was down 0.9%, or S$0.005, to S$0.525, and LifeBrandz, which remained unchanged at S$0.003. In the US, stocks on Wall Street ended Thursday mostly high after a wave of corporate earnings reports. The Dow Jones Industrial Average fell 0.3% to 42,374.36, affected by weaker-than-expected earnings and the ongoing Boeing strike.In contrast, the S&P 500 rose 0.2% to 5,809.86, while the tech-heavy Nasdaq Composite Index gained 0.8%, closing at 18,415.49, as Tesla’s shares climbed on strong earnings.

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