SUBSCRIBERS

Singapore shares trade sideways as markets await Fed meeting

Japan, South Korea, Australia and Malaysia edge upwards, while Hong Kong and China dip lower.

Tay Peck Gek
Published Wed, Jun 10, 2020 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

THE Straits Times Index (STI) ended Wednesday at 2,800.57 points, registering a small gain of 0.23 per cent.

Its performance was in line with its regional peers' range-bound trading ahead of the Federal Reserve meeting on Wednesday evening.

Market analyst at FXTM Han Tan said investors will be wondering if the Fed will give stocks fresh reasons to continue the seemingly relentless climb, despite the Federal Open Market Committee (FOMC) not expected to alter any of its policy settings.

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Copyright SPH Media. All rights reserved.