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Singapore stocks track Wall Street gains; STI up 0.4%
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Singapore stocks rose on Wednesday, with the Straits Times Index (STI) up 0.4% to 4,501.56, following Wall Street's gains. The iEdge Singapore Next 50 Index also increased by 0.2%. Regional indices, including Hang Seng, Nikkei 225, Kospi, and FTSE Bursa Malaysia KLCI, showed positive performance. US stocks surged due to potential changes in the Federal Reserve leadership and weak economic data. Seatrium led STI gains, while Keppel DC Reit was the worst performer. Local banks DBS, OCBC, and UOB all ended higher.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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