Lack of positive news, Singapore stock market closed down 0.09% on Wednesday | Lianhe Zaobao
The Singapore stock market slightly declined by 0.09% due to a lack of positive news, closing at 4,575.48 points on the Straits Times Index. Asian stock markets showed mixed performance, with the Hong Kong stock market rising by 0.92%, while the Shanghai, Tokyo, and Seoul stock markets increased by 1.19%, 0.26%, and 1.43%, respectively. The Sydney stock market fell by 0.072%. Analysts at Credit Suisse pointed out that the U.S. employment data was mediocre and did not significantly impact market expectations. The market anticipates that the Federal Reserve will cut interest rates twice next year, with the probability of the first rate cut approaching 50%. The total trading volume in the Singapore stock market for the day was 1.08 billion shares, with a total value of SGD 1.23 billion