Daily Markets Briefing: STI down 0.06%

Find out who the biggest losers were.

According to KGI Fraser, Asian stock indices closed mostly lower for the day, with Chinese equities dropping sharply. The Shanghai and Shenzhen Composites both fell 2.3% and 4.4% respectively, dragging Hong Kong’s Hang Seng (down 0.9%) along into the negative territory.

However Japan’s Nikkei managed to extend gains from the prior session, inching up 0.2% higher on the back of the weaker yen. Crude prices also slipped after reports emerged that oil workers in Kuwait has ended their strike, restoring the OPEC member’s crude production.

Here’s more from KGI Fraser:

The STI was relatively unchanged, dipping 0.1% or 1.86 points to close at 2,949.95.

Top gainers include Jardine C&C (S$44.750; +2.2%), Sembcorp Marine (S$1.850; +1.9%) and Golden Agri-Resources (S$0.420; +1.2%), while top decliners include CapitaLand (S$3.170; -1.6%), Thai Beverage (S$0.715; -1.4%) and Keppel Corp (S$5.990; -1.3%).

Top actively traded counters also include Magnus Energy (S$0.004; +33.3%) and Spackman (S$0.145; +7.4%), with more than 80 million shares changing hands for each counter.

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