SINGAPORE stocks on Tuesday reversed the previous day's losses as US economic data topped expectations and tensions eased on the trade front.
"Risk markets are not exactly jumping up and down with joy on Beijing's soybean concession knowing President Trump's latest 'not interested in an interim deal' trade stance," said Stephen Innes, Asia-Pacific market strategist at AxiTrader.Phillip Futures investment analyst Samuel Siew also advised investors to be wary of trading on headlines.
On the local bourse, some of the biggest advances on Tuesday came from Jardine Cycle & Carriage , Singapore Exchange and Shinvest Holding. Meanwhile, SGX, trading cum dividend, closed up 2.17 per cent or S$0.18 at S$8.47. The exchange is due to report its Q1 FY2020 results next month.
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Singapore shares fall 0.5% as investors stay on the sidelinesTHE Straits Times Index (STI) opened slightly lower by 1.23 points, but slipped steadily over the session to close at 3,143.24, lower by 0.52 per cent or 16.44 points. Read more at The Business Times.
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