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Singapore: Shares close lower ahead of Fed meeting outcome

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Singapore share prices closed 0.2 per cent lower on Wednesday with the Straits Times Index down 7.94 points to 3,487.15, as investors nervously awaited the outcome of the two-day Federal Reserve policy meeting.

The index was weighed down by a drop in UOB, which fell 54 Singapore cents to S$24.42. It had reached an all-time high earlier this week.

Some real estate investment trusts also saw significant declines. Ascendas Reit, which owns industrial property, fell 12 Singapore cents or 4.7 per cent to S$2.46.

About 1.49 billion shares worth S$1.12 billion changed hands, with losers outnumbering gainers 268 to 184.

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