Singapore Stocks Pull Back on Tuesday; STI Down 0.2%

businesstimes2022-05-31

SINGAPORE shares closed lower on Tuesday (May 31), as traders took in macroeconomic news including Shanghai easing more restrictions and the European Union’s announcement of a ban on most Russian oil ...

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Heyminnie
2022-06-01
Heyminnie
K
WJ77
2022-05-31
WJ77
😢
来人
2022-05-31
来人
Ok
MinkyHuat
2022-05-31
MinkyHuat
Upup soon

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Hong Kong’s Hang Seng Index added 1.4 per cent, the Shanghai Composite Index rose 1.2 per cent, Malaysia’s KLCI jumped 1.8 per cent, while South Korea’s Kospi advanced 0.6 per cent. Japan’s Nikkei 225, however, fell 0.3 per cent.Olivier d’Assier, head of applied research for Asia-Pacific at Qontigo, cautioned that macroeconomic uncertainty in markets will remain high for the foreseeable future. One factor to watch is the war in Ukraine, he said.“The war in Ukraine must end for sentiment to have a chance at a full recovery and become bullish again. 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