Daily Markets Briefing: STI up 0.21% | Singapore Business Review
The top active stocks were Singtel, which dipped 0.34%, DBS, which slipped 0.16%, YJZ Shipbuilding, which climbed 2.9%, OCBC, which edged down 0.18%, and Venture Corporation with a 2.76% fall.According to OCBC Investment Research , stocks finished lower for a fourth straight session on mounting evidence of a slowing global economy after the European Central Bank slashed its gross domestic product forecasts and pledged continued support for the flagging eurozone economy.
Ten out of eleven S&P 500 industries ended lower, led by Consumer Discretionary and Financials whilst Utilities was the sole gainer. "We could see the local bourse tracking declines in the US stock markets today, as global growth concern reignites," OIR said.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Daily Briefing: Singtel to buy stocks worth US$525m in Bharti Airtel; Auction sales slumped 46.5% to $55.3m in 2018Daily Briefing: Singtel to buy stocks worth US$525m in Bharti Airtel; Auction sales slumped 46.5% to $55.3m in 2018 | Singapore Business Review
Read more »
Tencent, Kakao among shortlisted bidders for S Korean gaming firm Nexon: Korea Economic DailyChinese tech giant Tencent and South Korea's biggest chat operator Kakao Corp are among five bidders shortlisted to buy South Korean gaming firm ...
Read more »
Daily Debrief: What Happened TodayBusinesses that take up EDG funding must commit to 'fulfilment of worker outcomes'; new, updated schemes to support businesses, workers in digital economy at
Read more »
Daily Debrief: What Happened TodayCDL expands into UK private rented sector with £15.4m acquisition, Razer Pay launches in Singapore, but with beta testing only at
Read more »
Daily Debrief: What Happened TodayUOB crowdfunding partner OurCrowd hits US$1b in fundraising in six years; Singtel, GIC to subscribe to India telco giant Bharti Airtel's 250b rupee rights issue at
Read more »
Daily Debrief: What Happened TodayGrab secures US$1.46b investment from SoftBank Vision Fund; eyes growth in Indonesia, MAS sets up technology group and makes senior management changes at
Read more »
Daily Debrief: What Happened TodaySingapore business confidence weakens for third straight quarter; govt, unions and employers agree retirement, re-employment ages should be raised at
Read more »
Singapore shares close 0.35% lower on lack of market cuesTHE lack of market catalysts on Wednesday meant that Singapore's Straits Times Index (STI) was, for the most part, static, before some profit-taking activity in the last half-hour of the session sent the benchmark index slipping to close at 3,222.84, down 11.23 points or 0.35 per cent. Read more at The Business Times.
Read more »
Nobel literature prizes for 2018 and 2019 to be given this yearThe Swedish Academy will be allowed to award the 2018 Nobel Prize for literature along with this year's prize, Swedish Daily Dagens Nyheter ...
Read more »
Singapore must diversify and not overly rely on any market: Chan Chun SingEXPANDING Singapore's network of free trade agreements (FTAs) 'ensures the diversification of our markets and supply chains, to not overly rely on any one particular market', said Minister for Trade and Industry Chan Chun Sing during the ministry's Committee of Supply on Monday. Read more at The Business Times.
Read more »