S-Reits rebound after Fed holds rates for now
Analysts see only short-term boost, notes risk to sector's earnings and topline growth
Singapore
AS has been the case each time an anticipated rate increase turned out to be another false alarm, real estate investment trusts (Reits) enjoyed some boost after the US Federal Reserve kept interest rates unchanged.
The FTSE ST Reits Index rose as much as 2.5 per cent in the morning, before ending at 694.15, up 0.5 per cent. This outdid the Straits Times Index, which fell 0.6 per cent to 2,879.59.
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