ECONOMY | Staff Reporter, Singapore

Daily Markets Briefing: STI down 0.56%

Expect some lifts to local sentiments today.

The Straits Times Index (STI) ended 18.28 points or 0.56% lower to 3249.34, taking the year-to-date performance to +12.79%.

The top active stocks today were DBS, which declined 0.78%, Singtel, which declined 1.33%, OCBC Bank, which declined 0.54%, UOB, which declined 0.13% and YZJ Shipbldg SGD, with a 1.91% advance.

The FTSE ST Mid Cap Index gained 0.13%, while the FTSE ST Small Cap Index declined 0.29%.

According to OCBC, the US stock benchmarks on Tuesday staged a recovery from heavy selling earlier in the session that came after a North Korean missile test over Japanese airspace rattled investors and sent Wall Street trawling for assets perceived as safe.

Four out of eleven S&P 500 industries finished higher, led by Industrials at 0.65% and Information Technology at 0.41%, whilst Materials at -0.56% and Financials at -0.47% led the losses.

"The rebound on Wall Street overnight could provide a lift to the local sentiment this morning," OCBC said.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.