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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

Published Tue, Jul 30, 2019 · 09:50 PM

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 or 0.1 per cent gain to close at 3,350.54.

"There had also been a noticeable …

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Companies & Markets

Companies & Markets

Investors turn defensive ahead of Fed cut

Companies & Markets

Netflix handily beats subscriber targets, misses on revenue forecast

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

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