Daily Markets Briefing: STI down 1.05%

Investors are urged to take caution.

The Straits Times Index (STI) ended 35.78 points or 1.05% lower to 3356.73, taking the year-to-date performance to -1.36%. The market was closed for Friday.

OCBC Investment Research noted that US stocks closed lower on Friday, but well off the lows of the sessions as investors looked past signs of escalating Washington-Beijing trade tensions, an issue that is seen as a major potential headwind but which has thus far been more bark than bite for equities.

Six out of eleven S&P 500 industries ended lower, led by Energy (-2.10%) and Materials (-0.63%). Consumer Staples (1.32%) and Telecommunication Services (1.17%) led the gains.

“The weakness on Wall Street Friday could keep local sentiment cautious today,” OIR said. 

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The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley