Daily Markets Briefing: STI down 0.88%

Continued trade tensions could hurt the gains today.

The Straits Times Index (STI) ended 28.34 or 0.88% lower at 3,181.45.

The FTSE ST Mid Cap Index fell 4.30% whilst the FTSE Small Cap Index slipped 4.25%.

The top active stocks were Chip Eng Seng, which dropped 10.05%, DBS, which slipped 1.16%, UOB, which fell 2.14%, Singtel, which slipped 0.31%, and OCBC, with a 0.08% fall.

According to OCBC Investment Research, the Dow Jones Industrial Average bounced back from earlier losses to finish higher, but the broader stock market closed lower as fears over rapidly rising rates continued to weigh on sentiment.

Five out of eleven S&P 500 industries ended lower, with Information Technology (-1.18%) and Health Care (-0.17%) leading the declines while Consumer Staples (1.34%) and Real Estate (1.32%) led the gains.

"Lacklustre performances on Wall Street overnight and continued trade tensions between US and China could cause the investors to remain cautious today," OCBC Investment Research 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