STI falls 1.1% as caution prevails ahead of US CPI data

SINGAPORE shares failed to hang on to opening gains and finished lower on Monday (Feb 13), as caution prevailed ahead of the release of key US inflation figures on Tuesday.

The key Straits Times Index fell 35.99 points or 1.1 per cent to 3,324.70. Across the region, most indices fell, while China’s benchmark bucked the trend.

This followed the biggest weekly decline in the US’ S&P 500 and Nasdaq since December 2022. The upcoming US consumer price index data could provide more clues on the direction of the world’s largest economy and its rate path.