Daily Markets Briefing: STI down 1.06%

The shifted focus from G-7 to the Trump-Kim summit will maintain a cautious tone today.

The Straits Times Index (STI) ended 36.71 points or 1.06% lower to 3436.37, taking the year-to-date performance to +0.98%.

The top active stocks were DBS, which fell 1.04%, Singtel, which dipped 0.62%, UOB, which declined 1.89%, OCBC Bank, which slipped 2.03% and Venture, with a 1.26% fall.

The FTSE ST Mid Cap Index declined 0.61%, whilst the FTSE ST Small Cap Index slipped 0.48%.

OCBC Investment Research noted that US stocks closed higher, with major indexes posting their strongest week in months as investors brushed aside tensions between the US and major allies as a meeting of leaders of the Group of Seven industrialized nations got underway in Canada.

Nine out of eleven S&P 500 industries ended higher, led by Consumer Staples (1.30%) and Health Care (0.70%) whilst Energy (-0.22%) and Utilities (-0.01%) lost ground. The index advanced 1.62% for the week.

“Despite the modest gains on Wall Street, we expect the overall tone to remain cautious today, as investors’ focus shifted from G-7 to the Trump-Kim summit,” OCBC Investment Research said.

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