After false start, STI rises by 0.48%

The Straits Times Index closed on Thursday at 3,014.78, up by 14.41 points or 0.48%.

Most Asian stocks traded lower as they tried to escape the worst of yesterday's tech sell-off.

About 3.12-billion securities worth S$1.64-billion changed hands, with decliners outnumbering advancers, 251 to 217.

The worst performers for the day were Mapletree Commercial Trust with a 1.95% or S$0.04 loss, SATS, which was down by 1.80% or S$0.08, and DairyFarm which fell by 1.61% or US$0.07.

On Wall Street, most US stocks slumped after another tech-led sell-off, despite better-than-expected unemployment data.

The S&P 500 shed about 1.34% or 51.25 points to finish at 3,768.47. The NASDAQ also ended lower by 2.11% or 274.28 points dipping to12,723.47, while the Dow Jones Industrial declined by about 345.95 points or 1.11% to 30,924.14.

London stocks meanwhile, also ended lower as miners and tech-based stocks were pressured by higher US bond yields.

The FTSE 100 ended down by 0.37% or 24.59 points at 6,650.88. The FTSE 250 also fell by 0.65% or 140.09 points, closing at 21,296.23.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia