Singapore shares open little changed on Thursday
SINGAPORE shares opened almost flat on Thursday, with the Straits Times Index down by 1.61 points or 0.06 per cent to 2,892.04 points as at 9.01 am, after US stocks ended little changed on Wednesday.
The Dow Jones Industrial Average was down 11.98 points or 0.06 per cent to 18,526.14, but the Nasdaq Composite added 8.02 points or 0.15 per cent to a record close.
Trade on Wall Street large caps has been light ahead of the Federal Reserve rate hike decision and the US presidential election in November.
Recent economic data including last Friday's weaker-than-expected jobs report suggest the Federal Reserve could hold off the rate hike for now although expectations are that the tightening may still happen later this year.
Some 46 million shares worth S$69.5 million changed hands, with gainers outnumbering losers 70 to 53.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Japan’s Sumitomo Corp net profit down 32% on Madagascar one-off loss
Hong Kong regulator brings insider trading charges against Segantii and its founder
Asia markets mixed after Fed leaves rates unchanged; STI rises 0.1%
Asia: Stocks rise as Federal Reserve tamps down hike fears; yen leaps
Japanese companies struggle with yen’s continued weakness