Market up on upbeat Yellen testimony
STI recoups part of two days' losses, with banking and Jardine stocks spearheading the rise
WALL Street on Wednesday rose sharply in response to an upbeat congressional testimony on the US economy and interest rates given by Federal Reserve chair Janet Yellen, and so the Straits Times Index, which had lost 37 points on Tuesday and Wednesday, reacted on Thursday by rebounding 26.76 points or 0.8 per cent to 3,235.67.
Turnover amounted to 2.4 billion units worth S$1.1 billion and, excluding warrants, there were 255 rises versus 198 falls.
Not surprisingly, banks and Jardine stocks that have been the main drivers of the STI moves over the past year we…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Telegram messaging service to allow Tether stablecoin payments
Hong Kong regulator to probe PwC auditing role over Evergrande
US: S&P, Dow open flat as Middle East jitters ease, Netflix weighs on Nasdaq
DBS puts 46 retail units, HDB shops on market for S$210 million
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade