Daily Markets Briefing: STI up 0.2%

Find out who the biggest gainers were.

According to KGI Fraser, markets in Asia were a mixed bag on Wednesday as the Japanese markets saw significant gains, while the Chinese markets swung into steep losses.

In Singapore, the STI inched up 6.67 points (+0.2%) to close at 3,025.70. The local blue chip benchmark traded much higher, in the 3,030-3,035 range before paring the bulk of its gains in the afternoon, KGI Fraser said.

Here’s more from KGI Fraser:

DBS (+0.9%) and SATS (+4.4%) were the key stocks that contributed to the index’s gains, while Jardine C&C (-2.6%) was the one that weighed it down.

U.S. stocks closed down for a second consecutive day after failing to hang on to modest gains earlier in the session, in an interesting day with a number of events.