The Straits Times Index (STI) added 1.54 per cent or 58.81 points to 3,886.98. Across the broader market, losers outnumbered gainers 283 to 237 on trade of 960 million shares worth $1.38 billion.
The outcome here left the Straits Times Index (STI) down a chunky 1.6 per cent or 61.04 points to 3,801.56, with the banks taking a major hit. Losers outnumbered gainers 346 to 192 on trade of 898.6 million securities worth $1.2 billion.
Non-oil domestic exports from the Southeast Asian trading hub grew 9.0% from a year ago last month, Enterprise Singapore said Friday. That compared with the median estimate for a 7.85% increase projected by eight economists polled by The Wall Street Journal, and November's 3.4% growth.
The Singapore stock market has finished lower in four straight sessions, giving away almost 100 points or 2.6 percent along the way.
ASIAN markets extended a global rally on Thursday after below-forecast US inflation provided a much-needed shot of relief to investors and revived hopes for interest rate cuts this year. Read more at The Business Times.
While higher longer-term bond yields can be a benefit to net interest income growth and margins for lenders, they can also signal additional pressure on consumers and slow the pace of borrowing.
Stu Woo is a reporter for The Wall Street Journal in Singapore. He writes about technology in Asia, with a focus on U.S.-China relations. He also contributes to the sports section, and has covered ...
ASIAN markets tumbled on Monday after an outsized US jobs report dealt another blow to hopes for more interest rate cuts, while oil extended a rally sparked by new sanctions on Russia’s energy sector.
Allysia Finley is a member of the Journal's Editorial Board. Ms. Finley joined The Wall Street Journal in 2009 after graduating from Stanford University with a bachelor’s degree in American Studies.
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Stock market volatility is also rising with the Cboe Volatility Index, or VIX, hovering around 20, a level that typically indicates angst among traders.
By Ankur Banerjee and Sinéad Carew SINGAPORE/NEW YORK (Reuters) -Asian shares tracked Wall Street higher on Thursday and the dollar was soft as easing core U.S. inflation kept potential rate cuts by