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Singapore stocks: STI resumes Wednesday afternoon at 3,219.59, down 0.13% on day

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INVESTORS in Asia were more optimistic on Wednesday, thanks to a positive showing by Wall Street and remarks made by the US and China that eased trade worries. However, Singapore's Straits Times Index (STI) was weighed down by counters that posted earnings before the market opened. Read more at The Business Times.

INVESTORS in Asia were more optimistic on Wednesday, thanks to a positive showing by Wall Street and remarks made by the US and China that eased trade worries. However, Singapore's Straits Times Index was weighed down by counters that posted earnings before the market opened.Shortly after the afternoon session commenced, volume clocked in at 580.14 million securities traded and total turnover came in at S$475.56 million.

City Developments Limited shares fell eight Singapore cents or 0.9 per cent to trade at S$8.60. The real estate player posted first quarter profit of S$199.6 million and revealed plans to invest 5.5 billion yuan in China property developer before market open.

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