STI falls after US slumps on Fed minutes
ING says there will almost certainly be a rate hike at the March meeting under new chief Jerome Powell
SINGAPORE shares ended lower on Thursday even as China powered ahead as it resumed trading after a week-long Chinese New Year hiatus.
Mainland China reopened on Thursday, with the CSI 300 Index - which tracks the large caps listed in Shanghai and Shenzhen - closing 2.2 per cent higher, its biggest gain since August 2016. The Shanghai Composite was up 69.40 points, or 2.17 per cent, at 3,268.56.
But elsewhere, Asian equity markets were mostly in the red, after taking their cue from the overnight decline of 0.67 per cent in the Dow Jones Industrial Average which ended at 24,797.78. The Hang Seng Index l…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
Sanofi Q1 profit slips on generic competition, forex effects
Toyota hits record annual output, sales on robust demand
Latest Singapore 6-month T-bill offering cut-off yield of 3.74% as applications dip
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
Nissan, Mazda roll out new models for China as they aim for comeback