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Risk-friendly mood boosts market

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Much focus today will be on whether British Prime Minister's Theresa May's revised Brexit deal has been given the go ahead. An approved deal is likely to see the pound continue to strengthen, CMC Markets' Margaret Yang said. If Mrs May's deal is voted down and the...

Much focus today will be on whether British Prime Minister's Theresa May's revised Brexit deal has been given the go ahead.If Mrs May's deal is voted down and the extension of Article 50 is triggered, this might dampen the risk-friendly attitude that markets in Asia had yesterday.

Like Singapore, markets in Japan, South Korea, mainland China, Hong Kong and Malaysia ended trading yesterday broadly higher. Twenty-six of the STI's 30 constituents ended the day in the black. Among them, Yangzijiang Shipbuilding was the blue-chip index's most traded. The bourse operator closed 12 cents or 1.6 per cent down at $7.35 with 10.3 million shares traded. The total value of trades done stood at $76.4 million.

Among them, UMS Holdings closed 9.7 per cent up at 79 cents, AEM Holdings ended 3.3 per cent up at $1.27, and Hi-P International added 1.7 per cent to close at $1.75.

 

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