Elsewhere in the Asia-Pacific, equity benchmarks in China, Hong Kong, Japan, Malaysia, South Korea and Taiwan registered losses. Australia's ASX 200 continued to buck the trend, advancing 181.80 points or 3.6 per cent to 5,258.60.
DBS dropped S$0.42 or 2.3 per cent to S$18.15; OCBC Bank fell S$0.15 or 1.7 per cent to S$8.49, while United Overseas Bank ended at S$19.09, down S$0.36 or 1.9 per cent. Venture Corporation finished S$0.42 or 3.1 per cent lower at S$13.15. On Wednesday, UOB Kay Hian and DBS Group Research lowered their FY2020 earnings estimates for the electronics manufacturing-services firm by 16 per cent and 5 per cent respectively, due to ongoing supply disruption from Covid-19.
Among STI counters, units in Ascendas Reit fell S$0.02 or 0.7 per cent to S$2.81 after the industrial property trust said on Tuesday after market close that it had acquired a 25 per cent stake in Galaxis, a business park in one-north, for S$102.9 million.
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