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Singapore shares end lower following Fed disappointment
But S-Reits sparkle amid news of China tech giants investing in Singapore.
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Published Thu, Sep 17, 2020 · 09:50 PM
FINANCIAL markets around the world recoiled after the US Federal Reserve said it would keep interest rates low, but failed to come up with further stimulus measures.
Benchmark stock indices for Tokyo, Hong Kong, Seoul, Bangkok, Kuala Lumpur and Jakarta ended Thursday in negative territory.
Against that backdrop, Singapore stocks did not perform too poorly. The Straits Times Index closed 4.37 points or 0.17 per cent lower at 2,500.78.
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