Daily Markets Briefing: STI down 0.12%

Expect some bad news today.

The Straits Times Index (STI) ended 4.09 points or 0.12% lower to 3513.85, taking the year-to-date performance to +3.26%.

The top active stocks yesterday were DBS, which gained 0.35%, Venture, which declined 2.32%, Singtel, which declined 0.59%, OCBC Bank, which gained 1.15% and UOB, with a 0.54% advance.

The FTSE ST Mid Cap Index declined 1.19%, whilst the FTSE ST Small Cap Index declined 0.22%.

U.S. equity indexes finished sharply lower, marking a third straight decline, after President Donald Trump said he would impose tariffs on steel and aluminum imports, raising concerns of protectionist trade policies that could hurt U.S. corporations and consumers, according to OCBC Investment Research.

“Persistent weakness on Wall Street overnight could continue to weigh on local sentiment today as Trump rattles nerves,” OCBC added.