Market indecisive as Fed considers hike
STI dips 2.18 points to end at 3,511.13, with losers outpacing gainers 232 to 175
THE market could not seem to decide how to move on Wednesday as the Federal Open Market Committee (FOMC) wraps up its meeting with a decision on an interest rate increase - or not.
Singapore's benchmark Straits Times Index rose in the morning but dipped nearer the end of the trading session to finish a mere 2.18 points or 0.06 per cent lower at 3,511.13.
Market watchers observe "indecision" and a wait-and-see attitude among investors, as they position themselves for the Fed's decision as well as the unfolding of US's imposition of trade tariffs on China at the end of this week.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Microsoft, Brookfield to partner on renewable energy projects
UK house prices fall again after mortgage rates creep higher
Why the yen is so weak and what that means for Japan
UAE's top bank FAB beats Q1 profit estimates
IndoAgri appoints former EDB chairman Philip Yeo as chairman and lead independent director
US, Philippines eye agreement to cut China nickel dominance