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.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia