• About
  • Advertise
  • Contact
Friday, October 17, 2025
  • Login
No Result
View All Result
NEWSLETTER
The NY Journals
  • Home
  • Business
  • Technology
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Politics
  • Trending
  • Home
  • Business
  • Technology
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Politics
  • Trending
No Result
View All Result
The NY Journals
No Result
View All Result
Home Technology

Singapore stocks climb on the prospects of Trump-Xi talks this week; STI up 0.1%

by Sarkiya Ranen
in Technology
Singapore stocks climb on the prospects of Trump-Xi talks this week; STI up 0.1%
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter


Gainers beat losers 313 to 192 with 1.1 billion securities worth S$1.3 billion changing hands

[SINGAPORE] Local stocks ended Tuesday (Jun 3) higher as investors anticipated possible trade talks between China and the United States, with the confirmation that tariffs on some Chinese goods will be extended till Aug 31.

The benchmark Straits Times Index (STI) rose 0.1 per cent or 3.79 points to 3,894.38.

In the broader market, gainers beat losers 313 to 192 as 1.1 billion securities worth S$1.3 billion changed hands.

Regional indices were mixed on Tuesday. Hong Kong’s Hang Seng Index jumped 1.5 per cent. South Korea’s stock market was closed due to the country’s elections.

Japan’s Nikkei 225 fell 0.1 per cent, while the Bursa Malaysia Kuala Lumpur Composite Index dropped 0.3 per cent.

Hopes that US President Donald Trump will speak with Chinese counterpart Xi Jinping – possibly this week – gave investors anticipation for a positive outcome.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

In a note, Maybank analysts said: “Political analysts have suggested that China could have the upper hand as its grip on chip supply chains and rare earths could boost its leverage.”

However, lingering uncertainty over the US’ deficit and trade continued to weigh on the greenback even as Treasuries yields rose.

The top gainer on the STI was marine vessel manufacturer Yangzijiang Shipbuilding, which surged 4.3 per cent, or S$0.09 to S$2.21.

The index was dragged by DFI Retail Group, which slipped 2.2 per cent, or US$0.06 to US$2.65.

This comes after the group last Friday announced its divestment of 22.2 per cent – or about 315.3 million – of Robinsons Retail’s outstanding shares for an undisclosed sum. The group was a significant minority shareholder in Robinsons Retail.

The trio of local banks were in the red on Tuesday. DBS fell 0.1 per cent or S$0.06 to S$44.80. UOB retreated 0.6 per cent or S$0.22 to S$35.33, while OCBC slipped 0.4 per cent or S$0.07 to S$16.16.

Copyright SPH Media. All rights reserved.



Source link

Tags: ClimbProspectsSingaporeSTIStocksTalksTrumpXiWeek
Sarkiya Ranen

Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

Next Post
Comedian Fortune Feimster and Wife Jacquelyn Smith Break Up After Nearly 5 Years of Marriage

Comedian Fortune Feimster and Wife Jacquelyn Smith Break Up After Nearly 5 Years of Marriage

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Love Is Blind UK’s Bobby and Jasmine Johnson Expecting First Baby

Love Is Blind UK’s Bobby and Jasmine Johnson Expecting First Baby

4 months ago
Society6’s Back-to-School Sale-on-Sale: Shop Artsy Dorm and College Apartment Decor Steals

Society6’s Back-to-School Sale-on-Sale: Shop Artsy Dorm and College Apartment Decor Steals

2 months ago

Popular News

    Connect with us

    The NY Journals pride themselves on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

    Transcending the bounds of New York City to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

    NEWS

    • Business
    • Technology
    • Entertainment
    • Sports
    • Lifestyle
    • Health
    • Politics
    • Real Estate
    Instagram Youtube

    © 2025 The New York Journals. All Rights Reserved.

    • About Us
    • Advertise
    • Contact Us
    No Result
    View All Result
    • Home
    • Business
    • Technology
    • Entertainment
    • Sports
    • Lifestyle
    • Health
    • Politics
    • Trending

    Copyright © 2023 The Nyjournals

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In