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Singapore stocks: STI resumes Wednesday afternoon down 0.3% at 3,340.21

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US-CHINA trade talks may be underway, but US President Donald Trump's comments on trade kept expectations of progress between the two economies at bay ahead of the Federal Reserve’s anticipated rate cut. Read more at The Business Times.

US-CHINA trade talks may be underway, but US President Donald Trump's comments on trade kept expectations of progress between the two economies at bay ahead of the Federal Reserve’s anticipated rate cut.

Elsewhere in the Asia-Pacific, shares in Australia, China, Hong Kong, Japan, Malaysia and South Korea were all trading lower. Across the market, decliners were slightly ahead of advancers 158 to 148. The benchmark index had 23 of the STI's 30 components trading in the red. The local banks were mixed. DBS Group Holdings was S$0.22 or 0.8 per cent higher at S$26.71. Meanwhile, United Overseas Bank was flat at S$26.80 and OCBC Bank dipped S$0.03 or 0.3 per cent to S$11.68.

 

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