Sunday, August 15, 2010

STI +0.4%; Upside minimal as US economy fears linger

Written by The Edge


Friday, 13 August 2010 13:12

Singapore shares still mostly higher as bargain hunters return after steep falls this week. Gains, however, generally modest as underlying sentiment remains cautious, says Dow Jones.

“It is unlikely fears of a slowing US economy will go away anytime soon, unless the next batch of economic indicators, especially job numbers, shows a pick-up in growth,” says AmFraser Securities strategist Najeeb Jarhom.

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