STI remains resilient amid headwinds

Local market weighed down by worse-than-expected retail sales growth in April, downwards revision to S'pore growth forecast

Published Wed, Jun 12, 2019 · 09:50 PM

Singapore Stocks

SINGAPORE equities picked up from where they left off on Tuesday, on the up, before the weight of US-China trade concerns - lingering in the background after the recent rally - and protests in Hong Kong dented investor sentiment.

The Straits Times Index (STI) eventually closed at 3,207.74, down 1.84 points or 0.06 per cent, with CMC Markets analyst Margaret Yang noting that the index "demonstrated resilience against multiple headwinds".

On Tuesday, US President Donald Trump said he was responsible for holding up a trade deal with China, adding that the US would either have a "great deal" with China or none at all, before continuing to place critic…

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