After false start, STI rises by 0.48%

The Straits Times Index closed on Thursday at 3,014.78, up by 14.41 points or 0.48%.

Most Asian stocks traded lower as they tried to escape the worst of yesterday's tech sell-off.

About 3.12-billion securities worth S$1.64-billion changed hands, with decliners outnumbering advancers, 251 to 217.

The worst performers for the day were Mapletree Commercial Trust with a 1.95% or S$0.04 loss, SATS, which was down by 1.80% or S$0.08, and DairyFarm which fell by 1.61% or US$0.07.

On Wall Street, most US stocks slumped after another tech-led sell-off, despite better-than-expected unemployment data.

The S&P 500 shed about 1.34% or 51.25 points to finish at 3,768.47. The NASDAQ also ended lower by 2.11% or 274.28 points dipping  to12,723.47, while the Dow Jones Industrial declined by about 345.95 points or 1.11% to 30,924.14.

London stocks meanwhile, also ended lower as miners and tech-based stocks were pressured by higher US bond yields.

The FTSE 100 ended down by 0.37% or 24.59 points at 6,650.88. The FTSE 250 also fell by 0.65% or 140.09 points, closing at 21,296.23.