STI falls after US slumps on Fed minutes
ING says there will almost certainly be a rate hike at the March meeting under new chief Jerome Powell
SINGAPORE shares ended lower on Thursday even as China powered ahead as it resumed trading after a week-long Chinese New Year hiatus.
Mainland China reopened on Thursday, with the CSI 300 Index - which tracks the large caps listed in Shanghai and Shenzhen - closing 2.2 per cent higher, its biggest gain since August 2016. The Shanghai Composite was up 69.40 points, or 2.17 per cent, at 3,268.56.
But elsewhere, Asian equity markets were mostly in the red, after taking their cue from the overnight decline of 0.67 per cent in the Dow Jones Industrial Average which ended at 24,797.78. The Hang Seng Index l…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
Hilton lifts 2024 profit forecast on international travel demand
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%
Orsted says Taiwan wind project to power TSMC on track for 2025 finish
China knockoff raid jolts a global throng of fake-fashion influencers
Tesla profits tumble but shares rise on new vehicle plan