You are here


Reits dim as hopes fade of big Fed cut

iEdge S-Reit 20 Index loses 24.19 points or 1.7% to 1,445.77 while STI dips 4.77 points or 0.1% to close at 3,329.46

DIMINISHED hopes of a sizeable interest rate cut by the US Federal Reserve at month's end continued to hinder local equities, with the effect most pronounced on real esate investment trusts (Reits).

The shine has come off most Reits in Singapore, with the iEdge S-Reit 20 Index losing 24....