STI bucks regional trend ahead of Fed decision

Gains by the banks and Jardine stable lift the benchmark Straits Times Index up 10.88 points or 0.3% to 3,207.92

Published Wed, Oct 30, 2019 · 09:50 PM

IT WAS a mixed showing for Asian equities ahead of the US Federal Reserve's October monetary policy decisions, with sentiment wavering on worries that the phase one trade deal between the US and China might not be ready in November.

The local market fared better than its peers on Wednesday, with the Straits Times Index (STI) once again lifted by the banks and the Jardine stable of companies to end the day at 3,207.92, up 10.88 points or 0.3 per cent.

Renewed trade worries saw most other markets in the Asia-Pacific such as Australia, China, Hong Kong, Japan and South Korea registering losses. Like Singapore, Malaysia bucked the trend, edg…

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