Daily Markets Briefing: STI down 0.08%

Expect a correction in the local market today.

The Straits Times Index (STI) ended 2.59 points or 0.08% lower to 3318.08 on Wednesday, taking the year-to-date performance to +15.18%.

SGX's market summary noted that top active stocks yesterday were DBS, which declined 0.62%; Singtel, which declined 1.05%; Global Logistic, which closed unchanged; YZJ Shipbldg SGD, which gained 4.71%; and CapitaLand, with a 1.31% fall.

According to OCBC Investment Research, the U.S. stocks closed down but off session lows as tensions between North Korea and the U.S. added a dollop of geopolitical uncertainty to markets, and as high-profile companies disappointed with their quarterly results.

Meanwhile, four out of eleven S&P 500 industries ended lower, with Utilities (-0.49%) and Consumer Discretionary (-0.47%) leading the losses while Health Care (0.16%) led the gains.

"The weakness on Wall Street overnight could spark a similar correction in the local bourse today," the brokerage firm 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