STI finishes the week 2.61% higher amid zero inflation
SINGAPORE equities bounced back into positive territory on Friday, as Asian markets closed the week awash in a tide of green.
The Straits Times Index (STI) rose by 44.76 points, or 1.28 per cent, to 3,533.22. This movement - which followed the news of an ease in inflation to zero per cent for January - took the benchmark index higher by 2.61 per cent for the week. The STI is up by 3.83 per cent for the year so far.
The ticker has been wavering around the 3,500 mark this week. Still, IG Asia market strategist Pan Jingyi cautioned that "with the volatility expected into next w…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Volkswagen workers vote decisively to unionise in Tennessee
Sony deal for Paramount would draw added regulatory scrutiny
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try
Honda to invest US$808 million in Brazil by 2030