Trade issues still hogging the spotlight
STI mostly hovers around Monday's close before settling at 3,090.63; decliners outpace advancers 192 to 169
TRADE issues will continue to remain the central topic dictating market sentiment. But on Tuesday, a lack of developments on the trade front as well as US markets being shut on Monday, made for thinly traded and fairweathered session here.
The Straits Times Index (STI) mostly hovered around Monday's close before settling at 3,090.63, up 7.67 points or 0.25 per cent. Elsewhere in the Asia-Pacific, the region's key markets were mixed. China joined Singapore in the black. On the other hand, Australia, Hong Kong, Malaysia and South Korea were in the red. Japan was flat.
"The uncertainty about the US-China trade continues to rule the markets, setting the month of September off with a risk-aversion," ING Asia economist Prakash Sakpal noted.
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