STI falls 0.3% as markets turn cautious over US-China talks

City Developments tops index; the 3 local banks end lower In broader market, advancers outnumber decliners 335-245 Major regional indexes mostly down, with only Kospi up 0.2%

- Benjamin Cher

The Straits Times Index (STI) closed lower on July 25, mirroring most regional indexes.

The STI fell 0.3 per cent or 11.99 points to 4,261.06.

Across the broader market, advancers outnumbered decliners 335 to 245 after 2.2 billion shares worth $1.8 billion changed hands.

The trio of local banks closed lower on July 25, with DBS down 0.3 per cent or 15 cents at $49.06. UOB dropped 0.6 per cent or 21 cents to $37.15 and OCBC ended 0.5 per cent or nine cents lower at $17.18.