Stocks close flat ahead of FOMC meeting

Trading similarly cautious across the region as traders wait for confirmation of hike in US rates

THE Straits Times Index (STI) drifted within a narrow band before ending a nett 0.48 of a point higher at 2,815.52 on Tuesday, ahead of the US Federal Reserve's Open Market Committee (FOMC) meeting this week at which an interest rate hike is expected to be announced. Turnover was a thin 870.2 million units worth S$860 million; and excluding warrants, there were 184 rises versus 203 falls.

All over the region, trading was similarly cautious as traders waited for confirmation that US rates are to be...

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