STI sees sixth straight day of losses
Market weighed down by Singapore growth concerns even as US Fed minutes signal no urgency to hike rates
INFERENCES that the US Federal Reserve was in no hurry to raise rates, based on the Fed's meeting minutes that had lifted US equities overnight, failed to lift sentiments on the local bourse.
Instead, investors may be focused on growth concerns here on the back of a string of weak macro data, hence dragging the key Straits Times Index (STI) down 6.4 points or 0.2 per cent to 2,836.98 at Thursday's close.
This marked the local stock …
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data
Hong Kong spot crypto ETFs to start trading next week
Greenback recovers from PMI slump, yen closes in on 155 per dollar
Hong Kong Stock Exchange bids farewell to first woman chair
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%