Daily Markets Briefing: STI down 0.89%

The weakness on Wall Street could weigh on the local markets today.

The Straits Times Index (STI) ended 28.65 points or 0.89% lower to 3201.77 on Wednesday, taking the year-to-date performance to +11.14%.

The top active stocks yesterday were Singtel, which declined 1.06%, DBS, which declined 0.24%, ComfortDelGro, which declined 1.63%, UOB, which declined 0.91% and OCBC Bank, with a 1.60% fall.

According to OCBC Investment Research, the S&P 500 and Dow industrials ended slightly lower on Wednesday, weighed down by losses in the energy sector as oil prices continued to slide. Meanwhile, eight out of eleven S&P 500 industries ended lower, with Energy (-1.60%) and Telecommunication Services (-1.22%) leading the declines while Health Care (1.23%) led the gains.

"The continued weakness on Wall Street overnight could weigh on the local sentiment this morning," 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