Singapore shares fall at Monday's open; STI down 0.15%

We’ll be curating stories from management guru John Bittleston and making them free to read.All three local banks lost ground in early trade, as DBS fell S$0.11 or 0.4 per cent to S$25.71, OCBC lost S$0.01 or 0.1 per cent to S$10.96 while UOB decreased S$0.04 or 0.2 per cent to S$26.33.after the US and China announced an initial trade agreement, cooling tensions that have rattled markets.

The S&P 500 technology sector and the tech-heavy Nasdaq finished solidly in positive territory, with gains in Apple Inc providing a boost. The Dow Jones Industrial Average rose 3.33 points or 0.01 per cent to 28,135.38, the S&P 500 gained 0.23 point or 0.01 per cent to 3,168.8 and the Nasdaq Composite added 17.56 points or 0.2 per cent to 8,734.88.

In Europe, the breakthrough in US-China trade talks and hopes of an orderly Brexit after a landslide election victory for UK Prime Minister Boris Johnsonto within striking distance of an all-time high on Friday. The pan-European STOXX 600 closed up 1.1 per cent Elsewhere in Asia, Tokyo also opened lower as investors began profit-taking. The benchmark Nikkei 225 index slipped 0.25 per cent or 60.31 points to 23,962.79 in early trade, while the broader Topix index was down 0.06 per cent or 0.97 points at 1,739.01.

Source: News Formal (newsformal.com)

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