Singapore stocks: STI resumes Wednesday afternoon at 3.192.26, up 0.3% on day

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SINGAPORE shares trended upward after Tuesday's losses, buoyed by relief over Washington's temporary relaxation of curbs against China's Huawei Technologies. That said, a sense of caution remains among investors here and in the region over ongoing trade frictions between the US and China. Read more at The Business Times.

SINGAPORE shares trended upward after Tuesday's losses, buoyed by relief over Washington's temporary relaxation of curbs against China's Huawei Technologies. That said, a sense of caution remains among investors here and in the region over ongoing trade frictions between the US and China.

"Positive developments in the form of a 90-day relief for certain US companies supplying Huawei was seen aiding sentiment for a market holding a binomial view towards trade tensions at present," IG market strategist Pan Jingyi observed. The local banks were mixed. DBS Group Holdings was S$0.10 or 0.4 per cent lower at S$25.64 and United Overseas Bank dipped S$0.14 or 0.6 per cent to trade at S$24.69. Meanwhile, OCBC Bank was flat at S$11.09.

 

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