Singapore stocks inch up after Fed rate cut; STI rises 0.2%

Singapore stocks rose after the US Federal Reserve cut interest rates by 25 basis points. The Straits Times Index (STI) increased by 0.2% to 4,520.83. Key regional indices showed mixed results, with Hong Kong's Hang Seng flat and Japan's Nikkei 225 down 0.9%. Hongkong Land led STI gainers, while Jardine Matheson was the worst performer. DBS, OCBC, and UOB banks ended higher. Economist Jose Torres noted the Fed's move as a shift from quantitative tightening, enhancing liquidity and benefiting stock markets.