MARKETS & INVESTING | editor, Singapore

Market Update: STI rises amid lower Asian markets

The Straits Times Index continued to rise on Wednesday trade, up by 33.88 points or 1.17% to end the day at 2,924.58.

This bucked the trend of other Asian markets, which ended in the red - based on investor jitters around the intensifying sell-off of Chinese assets.

Despite the uptick in Singapore, decliners still outnumbered advancers, 294 to 196, with about 2.52-billion securities worth S$1.81-billion changing hands.

Top performers for the day were Jardine Strategic with a 5.25%, or US$1.30 gain, Jardine Matheson, up by 3.41% or US$1.77, and DBS which went higher by about 2.88% or S$0.74.

Wall Street, meanwhile, climbed for the day as tech shares shook off some recent losses.

The S&P 500 rose by 1.14% or 44.06 points to 3,925.93. The NASDAQ also climbed by 0.99% or 132.77 points reaching 13,597.97, while the Dow Jones Industrial went higher by about 424.51 points or 1.35% at 31,961.86.

London's blue-chip index traded with some volatlity, but ended with an uptick as oil heavyweights such as BP and Royal Dutch Shell boosted their earlier gains.

The FTSE 100 ended up by 0.50% or 33.03 points to 6,658.97. The FTSE 250 also went higher by 1.21% or 254.93 points closing at 21,312.65.

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