Investors turn defensive ahead of Fed cut

STI ekes out 4.15 point or 0.1 per cent gain to end the day at 3,350.54 while Asian markets close broadly higher

Wed, Jul 31, 2019 - 5:50 AM

Navin Sregantannavinsre@sph.com.sg@NavinSreBT

ASIAN markets were broadly higher ahead of an expected rate cut by the US Federal Reserve as investors plotted portfolio adjustments ahead of the central bank's meeting on Wednesday.

The Straits Times Index (STI) spent most of Tuesday's session near neutral before ekeing out a 4.15 point...

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