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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