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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore stocks: STI resumes Wednesday afternoon at 3,219.59, down 0.13% on dayINVESTORS in Asia were more optimistic on Wednesday, thanks to a positive showing by Wall Street and remarks made by the US and China that eased trade worries. However, Singapore's Straits Times Index (STI) was weighed down by counters that posted earnings before the market opened. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore stocks: STI resumes Wednesday afternoon at 3,217.50, down 0.03% on dayVOLATILITY surrounding trade relations remains the central theme in global equity markets, with Washington's move to ban US companies from using foreign telecoms equipment. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore stocks: STI resumes Friday afternoon at 3,208.03, down 0.7% on daySINGAPORE stocks resumed trading on Friday afternoon in negative territory, with the Straits Times Index down 0.69 per cent or 22.23 points to 3,208.03, on the day as at 1.04pm. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore stocks: STI resumes Tuesday afternoon at 3,192.65, down 0.4% on daySINGAPORE stocks edged down as trading resumed on Tuesday afternoon, with the Straits Times Index dipping 0.40 per cent or 12.81 points to 3,192.65 as at 1.00pm. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »