STI gains as Fed confirms dovish stance
Equity markets also get a lift from news of the likely meeting between the US and China at the G-20 summit next week
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MARKETS like certain outcomes and its participants finally got confirmation of what they had been expecting from the US Federal Reserve - the door for impending rate cuts was open.
Understandably, regional equity markets staged broad gains on Thursday with the Straits Times Index (STI) being no exception. The blue-chip index extended gains, up 26.34 points or 0.8 per cent to finish at 3,314.51.
Australia, China, Hong Kong, Japan, Malaysia and South Korea all ended higher.
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