S’pore stocks weighed down by Wall Street fall, weak China data

spore stocks weighed down by wall street fall weak china data

Sumary of S’pore stocks weighed down by Wall Street fall, weak China data:

  • Local shares headed south yesterday after overnight losses on Wall Street and lacklustre data on China’s industrial production and retail sales.
  • But investors here were in no mood to take the optimistic view and sent the Straits Times Index (STI) down 0.7 per cent or 21.76 points to close at 3,058.61. Losers well outgunned gainers 298 to 196, with 1.43 billion shares worth $1 billion changing hands.
  • Oanda senior market analyst Jeffrey Halley said: “China’s data dump contained some unpleasant surprises, as each release missed expectations, darkening the mood across Asia.
  • The counter was the top gainer, up 1.1 per cent at US$4.68. Jardine Matheson Holdings was at the bottom of the table, closing 2.3 per cent lower at US$52.77. The most heavily traded counter on the index was Genting Singapore, with 24.8 million shares changing hands.

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