Singapore stocks close flat as factory output slump caps gains

Shares inched up 0.2 per cent at Thursday's open, following comments from US President Donald Trump at the United Nations General Assembly that a US-China trade deal is getting"closer and closer".It came as Singapore factory output plunged by 8 per cent year-on-year in August, extending the Republic's manufacturing decline into its fourth month.

OCBC Bank's head of treasury research and strategy Selena Ling said:"The September industrial production print will be critical in that it may tip the balance as to whether a technical recession eventually materialises in Q3 2019." Declines on the local bourse were led by industrial stocks on Thursday, with some Jardine-linked counters among the largest losers. Jardine Matheson Holdings closed down 3.11 per cent or US$1.70 at US$52.97, while Jardine Strategic Holdings finished at US$30.38, losing 2 per cent or US$0.62.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

With wild fish stocks on the brink, Singapore turns to high-tech fish factories for its beloved seafoodSINGAPORE - To have a hope of feeding Singapore at a time when global warming and overfishing are decimating fish stocks around the world, the authorities are looking to seafood farmed Singapore-style for a reliable protein source: high tech, high-yield, sustainable and climate-proof.. Read more at straitstimes.com. There is no mention here of the huge impact on global fish stocks of feeding farmed fish with the wild caught fish that goes into aquafeed - a massive and often overlooked pressure on vulnerable fisheries fishingthefeed
Source: The Straits Times - 🏆 8. / 63 Read more »

US stocks gain as Trump more upbeat on China talksNEW YORK (AFP) - Wall Street stocks rose on Wednesday (Sept 25) following upbeat comments from Donald Trump on China trade talks as investors largely shrugged off the just-announced impeachment investigation of the US president.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »