Daily Markets Briefing: STI down 0.8%

Don't expect gains today.

The Straits Times Index (STI) ended 26.1 points or 0.8% lower to 3254.77, taking the year-to-date performance to -4.35%.

The top active stocks today were DBS, which fell 1.23%, Singtel, which declined 0.64%, UOB, which slipped 0.90%, OCBC Bank, which dipped1.54% and Genting Sing, with a 1.64% fall.

The FTSE ST Mid Cap Index declined 0.22%, whilst the FTSE ST Small Cap Index fell 0.29%.

According to OCBC Investment Research, US stocks closed solidly lower, with the losses driven by a pronounced drop in large-capitalization technology and internet stocks, whilst the S&P 500 closed below a closely watched technical level, which could be a sign that the recent weakness in stocks is not over yet.

Eight out of eleven S&P 500 industries ended lower, led by Information Technology (-1.45%) and Consumer Discretionary (-1.29%) whilst Energy (1.34%) and Utilities (0.58%) led the gains.

"Following the weakness on Wall Street overnight amid concerns over trade policy, we expect the local bourse to trade on a more cautious tone today," 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