Daily Markets Briefing: STI up 0.5%

Trade war jitters will continue to weight on local sentiment.

The Straits Times Index (STI) ended 16.08 or 0.5% higher at 3,200.64.

The top active stocks were DBS, which rose 0.62%, UOB, which inched up 0.12%, Singtel, which climbed 0.99%, Genting Sing, which remained unchanged, and YZJ Shipbuilding with a 1.42% advance.

The FTSE Mid Cap rose 0.33% whilst the FTSE Small Cap grew 0.64%.

According to OCBC Investment Research (OIR), US stocks closed lower Thursday as investors focused on US-China trade tensions which reflect widespread worries over slowing global economic growth.

Nine out of eleven S&P 500 industries ended lower, led by Energy (-2.13%) and Information Technology (-1.44%).

"Today's tone is likely to remain cautious as trade war jitters resurface," OIR said.

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