Trade rhetoric weighs on Singapore shares and sentiment

SINGAPORE shares capped off another torrid week on Friday amid mounting trade tensions between the US and China, with the Straits Times Index posting a second straight week of losses. The local bourse fell 0.77 per cent or 24.80 points to 3,205.46 amid risk-off sentiment.

Over one billion shares worth S$870.56 million changed hands. Decliners pipped advancers 213 to 165.

On the week, it dropped 68.04 points or about 2 per cent from last Friday's close of 3,273.50.

Analysts said the current risk-off sentiment and uncertainty shrouding the market won't be lifting so soon - Lukman Otunuga, research …