Expect muted gains today.
The Straits Times Index (STI) ended 27.85 or 0.86% lower at 3,192.71.
The top active stocks were DBS, which dropped 1.84%, UOB, which slid 1.55%, OCBC, which dipped 1.96%, Singtel, which slipped 0.66%, and Genting Sing with a 0.91% fall.
The FTSE Mid Cap fell 1.24% whilst the FTSE Small Cap declined 1.13%.
According to OCBC Investment Research, US stocks closed lower Tuesday breaking its four-day winning streak on the back of trade woes and fresh concerns over the state of the globaly economy.
Ten out of eleven S&P 500 industries ended lower, led by Energy (-2.2%) and Industrials (-2.07%). Utilities (0.14%) was the sole gainer.
"The weakness on Wall Street overnight could dampen the local sentiment today. Earnings also remain in focus, with a busy week ahead," OIR said.
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