WASHINGTON"returned the favour" by delaying tariffs on Chinese imports till mid-October but investors, who are more than familiar with the unpredictable nature of the trade relationship, chose to book profits ahead of the European Central Bank's rate decision.
It was mixed elsewhere in the Asia-Pacific as Australia, China, Japan and South Korea locked in gains. Like the local market, Hong Kong and Malaysia posted losses. The local banks recorded gains on Thursday. DBS Group Holdings was the best-performing of the three, advancing S$0.30 or 1.2 per cent at S$25.25. Meanwhile, OCBC Bank edged up one cent to close at S$11.01 and United Overseas Bank finished at S$25.37, up S$0.12 or 0.5 per cent.
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