Daily Markets Briefing: STI down 0.16%

Wall Street's optimism on US-China trade talks could boost local sentiment.

The Straits Times Index (STI) ended 5.12 or 0.16% lower at 3,201.15.

The top active stocks were DBS, which dipped 0.08%, Singtel, which declined 0.66%, OCBC, which slipped 0.35%, UOB, which remained unchanged, and Jardine Matheson Holdings (JMH) with a 0.39% fall.

The FTSE Mid Cap dropped 1.67% whilst the FTSE Small Cap grew 0.43%.

According to OCBC Investment Research (OIR), US stock indexes closed higher on Tuesday after lawmakers reached a tentative deal to prevent a government shutdown. Optimism over a potential trade deal between US and China also boosted sentiment.

Ten out of eleven S&P 500 industries ended higher, led by Materials (2.25%) and Consumer Discretionary (1.66%). Real Estate (-0.7%) led the decline.

"The optimism in Wall Street overnight could be extended to the local markets as trade talks are set to resume in Beijing," OIR 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