Investors are urged to take caution today.
The Straits Times Index (STI) ended 36.62 points or 1.01% lower to 3572.62, taking the year-to-date performance to +4.99%.
The top active stocks today were DBS, which declined 1.47%, Singtel, which declined 0.55%, Genting Sing, which declined 2.16%, OCBC Bank, which declined 1.35% and UOB, with a 1.41% fall.
The FTSE ST Mid Cap Index declined 0.45%, while the FTSE ST Small Cap Index declined 0.29%.
OCBC Investment Research noted that the S&P 500 and the Dow Jones Industrial Average logged fresh records on the back of robust earnings but both indexes finished off intraday highs in volatile trading as the buck rebounded following President Donald Trump’s dollar-supportive comments.
Six out of 11 S&P 500 industries finished higher, led by Utilities, which rose 1.53%, and Health Care, which rose 0.89%, whilst Energy, which fell 0.77%, and Information Technology, which fell 0.24%, led the declines.
"Local sentiment could remain cautious today as investors focus on President Donald Trump’s dollar-supportive comments and approach towards trade," OCBC said.
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