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Singapore stocks: STI resumes Thursday afternoon at 3,196.38, down 0.25% on day

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SINGAPORE stocks erased their morning gains as trading resumed on Thursday afternoon, with the Straits Times Index down 0.25 per cent or 8.14 points on the day to 3,196.38 as at 1.03pm. Read more at The Business Times.

ThaiBev shares were up S$0.01 or 1.1 per cent to S$0.91 after 24.3 million shares were traded.

Among financials, DBS was up S$0.09 or 0.4 per cent to S$25.34, UOB was up S$0.07 or 0.3 per cent to S$26.44, while OCBC was unchanged at S$11.00. Sentiments were more positive in other parts of Asia, with Asian stocks hitting a six-week high on hopes for a thaw in US-China trade frictions and expectations that the European Central Bank would kick off another wave of monetary easing by global central banks.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.4 per cent and Japan's Nikkei stock index rose 0.88 per cent. Australian shares were up 0.56 per cent.

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