ESCALATING trade tensions between the US and China saw the Straits Times Index to its second straight weekly decline on Friday.Over one billion shares worth S$870.56 million changed hands. Decliners pipped advancers 213 to 165.
Market sentiment is poised to remain fragile over the next month in the lead-up to the meeting between the two countries' presidents at the G-20 summit in late-June, said Lukman Otunuga, research analyst at FXTM.He added:"Will the world's two largest economies ever find a middle ground on trade or tensions destined to intensify further throughout the year? This is a question nobody has the answer for.
Among the most heavily traded by volume, Genting Singapore pared 1.11 per cent to S$0.89 on a volume of 32.7 million shares. Thai Beverage traded up 1.96 per cent to S$0.78 with 17.4 million shares changing hands.
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