MARKETS & INVESTING | Tim Charlton, Singapore

Markets Briefing: STI closes down at 2,810

The Straits Times Index fell on Tuesday trade by 3.17 points or 0.11% to finish at 2,810.95.

The decline was mainly triggered by investors consolidating November’s gains, whist taking in US stimulus talks.

President-elect Joe Biden recently announced that he would not immediately strike down the tariffs imposed by President Donald Trump on China.

Top stock losers for the day were Ascendas Reit with 0.04 points to 1.34%, CapitaLand IntCom with 0.01 to 0.52%, and CityDev to 0.26% with 0.02 points.

Meanwhile, London's FTSE 100 extended its recovery, ending at 6,463.39 up by 1.23%. The FTSE 250 also edged up by 0.17% at 19,877.77.

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