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Investors book profits after Monday rally

This comes as fading global outlook is underlined by disappointing economic data from the US and China

Published Tue, Jul 2, 2019 · 09:50 PM

SINGAPORE equities had got the week off to a flying start, following a surprise outcome from the Osaka meeting between the US and China.

But Monday's gains were followed by Tuesday's flat session, with the Straits Times Index (STI) finishing 1.46 points or 0.04 per cent lower at 3,370.80.

Investors preferred to book profits, as fading global outlook was further underlined by disappointing economic data from the US and China.

A trader said that with companies due to report second-quarter earnings, investors were using the rally as an opportunity to cash out before results are released. "We ar…

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