Traders hesitant ahead of Fed meeting
Brexit fears also weigh on sentiment as STI suffers fourth straight fall; low-priced issues the main trading targets
AN uneasy calm descended upon the local stock market on Tuesday with traders hesitant to commit themselves ahead of the US Federal Open Market Committee (FOMC) meeting this week and next week's UK referendum on continued membership in the European Union.
Turnover, which has already been poor over the past few weeks, remained low at 949 million units worth S$815.4 million, of which S$578 million or 71 per cent came from the 30 Straits Times Index components. The STI in the meantime, s…
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’s Uniqlo opens Rome store as part of European expansion
Microsoft-OpenAI deal set to dodge formal EU merger probe: sources
China slams US move to investigate its shipbuilding industry
TikTok divest-or-ban bill heads to fast track in US congress
Google lays off employees, shifts some roles abroad amid cost cuts
Cordlife files police report against former employees for ‘potential wrongdoings’