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Trade talk speed bumps fail to hold back STI

Singapore benchmark gains 11.37 points to close at 3,110.85; other Asian markets also move higher

Published Tue, Oct 8, 2019 · 09:50 PM

IN contrast with Wall Street's Monday showing, Asian equities were mostly higher despite worrying signs that this week's trade negotiations between the US and China have hit some pre-talk speed bumps.

Singapore's Straits Times Index (STI) closed at 3,110.85, adding 11.37 points or 0.4 per cent on Tuesday.

Elsewhere in the Asia-Pacific, Australia, China, Hong Kong, Japan and South Korea all posted gains. Malaysia was little moved.

Returning from the break, markets in China and Hong Kong were given an additional boost after Chinese services sector data for September grew at its slowest pace in seven months. This increases hope that Beijing w…

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