STI gains 0.8% to 3,081.83 on late surge

S'pore bourse ends higher on Thursday but sentiment has been wavering daily and is likely to stay that way going forward

Published Thu, Aug 29, 2019 · 09:50 PM

Singapore Stocks

FOR simplicity's sake, it is best to divide Thursday's market performance into two parts, one before and the other after Beijing indicated that it does not intend to react hastily to the past weekend's tariff increase by Washington.

Investor sentiment, long dependent on any ounce of news related to the US-China trade scuffle, saw a risk-friendly tilt after China's Ministry of Commerce spokesman Gao Feng's address to reporters in the Chinese capital.

Singapore's Straits Times Index (STI) traded as much as 15 points lower before a strong drive to close at 3,081.83, up 25.36 points or 0.8 per cent. The surge in the later session brought…

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