IN a week that did not start too kindly for investors in Asia, the Singapore market gained slightly on Friday as investors were hopeful that the US and China would be able to work towards a trade deal.
The tariffs were in force one minute after noon Singapore time. Beijing has said it will retaliate but no details of how it would do so have been revealed. In Singapore, trading clocked in at 981.97 million securities or 80 per cent of the daily average in the first four months of 2019. Total turnover came to S$1.07 billion, 4 per cent more than the January-to-April daily average.
Among them, Genting Singapore was the blue-chip index's most traded. The casino operator closed 1.5 Singapore cents or 1.6 per cent lower at 93.5 cents with 52 million shares changing hands. Even though Genting Singapore's first-quarter net profit fell 5 per cent due to lower gaming revenue, research houses kept their"Buy" calls on the stock.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
US-China trade talks will continue Friday morning in Washington[BEIJING] Crucial trade negotiations with China in Washington will continue on Friday, the White House said late Thursday, about 90 minutes before steep new tariffs were set to take effect on Chinese goods. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
TODAY's morning brief for Friday, May 10
Source: TODAYonline - 🏆 1. / 99 Read more »
CWX Global calls for trading halt after posting massive jump in Q3 profit on FridayCATALIST-LISTED CWX Global, which has a minority stake in Thai oil concessions, has called for a trading halt on Tuesday morning after reporting a massive jump in third-quarter earnings due to income tax credit on Friday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US-China trade talks will continue Friday morning US time: paper editor[BEIJING] US-China trade talks in Washington will continue on Friday morning US time, Hu Xijin, the editor-in-chief of Chinese state-run newspaper the Global Times, tweeted on Friday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
White House says talks with China to continue on FridayWASHINGTON: Crucial trade negotiations with China will continue on Friday (May 10), the White House said late Thursday night, about 90 minutes ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
New rules on buying properties using CPF, HDB housing loans to kick in on FridaySINGAPORE: New rules on buying homes using CPF or HDB housing loans will be introduced, that will focus on whether the lease of the property can ... I really need this like now, i cant believe it ,thx so making my life so much easier🙏🤞
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Malaysia: Shares open lower on FridayMALAYSIA share prices opened lower on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 2.46 points to 1,616.07 at 9am. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Trump's tariff hike on US$200b of Chinese goods takes effect; trade talks resume Friday[WASHINGTON] US President Donald Trump's tariff increase to 25 per cent on US$200 billion worth of Chinese goods took effect on Friday, ratcheting up tensions between the United States and China as they pursue last-ditch talks to try to salvage a trade deal. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Malaysia: Shares close lower on FridayMALAYSIA share prices closed lower on Friday, with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 8.26 points to 1,610.27. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
GIC buys 10% stake in 6th-largest container terminal operatorSINGAPORE'S GIC has acquired a 10 per cent interest in Geneva-based Terminal Investment Ltd (TIL), the sixth-largest container terminal operator in the world, at an undisclosed price. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
New CPF, HDB loan rules give buyers flexibility, may make older properties more attractive: AnalystsSINGAPORE: Rules for buying homes using Central Provident Fund (CPF) money and HDB housing loans will be updated on Friday (May 10) – a move “in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »