The expectation of the Federal Reserve's interest rate cut drives a general rise in the Asia-Pacific region, with the Hang Seng Index up 0.17% | Lianhe Zaobao
Market expectations for the Federal Reserve to cut interest rates next month have risen, driving a general increase in the Asia-Pacific stock markets. The FTSE Straits Times Index rose slightly by 0.17%, closing at 4509.34 points. Stock markets in Tokyo, Seoul, Taiwan, Shanghai, Hong Kong, and Sydney all rose, while Shenzhen experienced a pullback. The trading volume in the Singapore stock market was 1.16 billion shares, with a total trading value of SGD 1.23 billion. Among the constituents of the Hai Index, DFI Retail Group saw the largest increase, while UOL experienced the largest decline
Market expectations for the Federal Reserve to cut interest rates next month continue to rise, and concerns about the artificial intelligence (AI) bubble are gradually dissipating, boosting optimism in the Asia-Pacific stock markets. The FTSE Straits Times Index rose 0.17% or 7.78 points on Thursday (November 27), closing at 4509.34 points.
Asia-Pacific stock markets generally closed higher, with Tokyo up 1.23%, Seoul up 0.66%, Taiwan up 0.53%, Shanghai up 0.29%, Hong Kong up 0.07%, and Sydney up 0.14%; Shenzhen, however, retreated by 0.25%.
In the Singapore stock market, the total trading volume was 1.16 billion shares, with a total turnover of SGD 1.23 billion. There were 270 advancing stocks and 216 declining stocks.
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Celebrating Thanksgiving and Black Friday, US markets closed on Thursday, trading half a day on Friday Local stock market continued to rise on Thursday
In terms of the components of the index, 17 stocks rose, eight fell, and five remained unchanged.
The biggest gainer, DFI Retail Group (DFIRG), rose 1.48% to USD 3.44; Mapletree Industrial Trust rose 0.99% to SGD 2.05; Seatrium rose 0.94% to SGD 2.14.
The biggest loser, UOL Group, fell 1.4% to SGD 8.47; ThaiBev fell 1.08% to SGD 0.46; Singtel fell 0.42% to SGD 4.74
