Daily Markets Briefing: STI down 1.04%

Don't expect gains today.

The Straits Times Index (STI) ended 33.61 or 1.04% lower at 3,195.87.

The top active stocks were DBS, which dipped 1.027%, OCBC Bank, which slipped 1.339%, Singtel, which fell 1.01%, UOB, which edged down 1.033%, and YZJ Shipbldg SGD with a 2.113% decline.

The FTSE Mid Cap dipped 0.99% whilst the FTSE Small Cap fell 0.15%.

According to OCBC Investment Research (OIR), U.S. stocks finished lower for a fifth session in a row, with the Dow notching its longest losing streak since June, after a disappointing jobs report and a slump in Chinese exports added to concerns about slowing global growth.

Seven out of eleven S&P 500 industries ended lower, led by Energy (-1.95%) and Consumer Discretionary (-0.66%) whilst Utilities (0.36%) and Materials (0.21%) led the gains.

“The continued slide in the US markets could make it challenging for local sentiment to be bullish. Some could adopt a more cautious approach and wait for more positive signals before entering the market,” 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