Daily Markets Briefing: STI down 0.52%

Wall Street's weakness could tone down gains today.

The Straits Times Index (STI) ended 17.91 or 0.52% lower at 3,234.07.

The top active stocks were DBS which inched up 0.27%, UOB, which rose 0.48%, and YZJ, which closed unchanged.

The FTSE Mid Cap dipped 0.52% whilst the FTSE Small Cap slipped 0.22%.

According to OCBC Investment Research (OIR), US stocks closed slightly lower after major benchmarks spent all session flipping between gains and losses as investors looked beyond US-China trade talks for further catalysts to trade on.

Eight out of eleven S&P 500 industries ended lower, with Industrials (-0.64%) and Materials (-0.51%) leading the declines whilst Communication Services (0.73%) and Real Estate (0.26%) led the gains.

“The weakness on Wall Street overnight is likely to keep local sentiment cautious today,” OIR said.