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Singapore stocks: STI resumes Wednesday afternoon at 3,259.23, up 0.33% on day

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SINGAPORE stocks continued their advance as trading resumed on Wednesday afternoon, with the Straits Times Index up 0.33 per cent or 10.60 points on the day to 3,259.23 as at 1.04pm. Read more at The Business Times.

Hongkong Land advanced US$0.18 or 3.3 per cent to US$5.62, while semiconductor firm AEM Holdings was up S$0.13 or 8 per cent to S$1.76.

Among lenders, DBS traded up S$0.13 or 0.5 per cent to S$26.30 and UOB was up S$0.17 or 0.6 per cent to S$26.94, while OCBC was down S$0.03 or 0.3 per cent to S$11.05. Asian investors kicked off Wednesday on a tentative note as optimism over the China-US trade talks was offset by profit-taking after a recent rally.

Another record close on Wall Street provided another positive lead for regional traders, who are keeping tabs on progress in the tariff negotiations, with expectations a deal could be signed this month. Asian markets fluctuated in early trade. Hong Kong was down 0.3 per cent and Shanghai was marginally lower with Sydney off 0.1 per cent, though Tokyo ended the morning up 0.1 per cent, Seoul added 0.2 per cent and Taipei put on 0.1 per cent.

 

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