Market Update: STI ends choppy trading week in the red

The Straits Times Index closed the week down by 3.26 points or 0.12% at 2,821.70.

For the week, STI plunged by 0.64% as investors' sentiment drifted by the news on the US coronavirus stimulus deal, and ongoing Brexit uncertainty.

Top stock losers were Yangzijiang Shipbuildings Holdings down by 2.55%, Dairy Farm International Holdings shed about 1.43%, and Keppel Corp was down by 1.34%.

Meanwhile, Wall Street ended the trading week mixed as US President-elect Joe Biden hinted he might continue Trump's trade war with China, saying he would keep an eye on the trade practices of Beijing. The DowJones Industrial ended higher by 0.16%, closing at 30,046.37.

Both S&P 500 and NASDAQ Composite closed in the red, down by 0.13% to 3,663.46 and 0.23% to 12,377.87, respectively.

London's blue-chip index went down by 0.80% at 6,546.75. FTSE 250 also went lower by about 133.95 points or 0.68% at 19,622.15.