Singapore shares open 22 points higher on Thursday
Add BT as a preferred source
Anita Gabriel
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SHARE prices in Singapore opened higher on Thursday with the key Straits Times Index up 22.17 points at 2,872.91.
Some 102 million shares worth S$79 million were done as at 9.01am, with 118 counters up and 21 down.
US markets rallied on Wednesday with the Nasdaq Composite ending the day at a record, after the Federal Reserve kept interest rates unchanged.
The Fed decision was widely expected by markets and may remove some uncertainty in the short term, said KGI Fraser Securities.
Markets are now expecting a 59.3 per cent probability of a rate hike in December.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam acts fast to shield firms, households from fuel price surge
Beijing’s calculated silence on the Iran war
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
