Singapore stocks close lower amid silver rally; STI inches down 0.05%
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Singapore stocks closed lower on Dec 29, with the Straits Times Index (STI) down 0.1% to 4,633.64. The iEdge Singapore Next 50 Index rose 0.1%. Keppel DC Reit was the top gainer, while Venture Corp was the biggest decliner. Local banks also saw losses. In regional markets, indices were mixed. Silver prices surged above US$80, up 181% year-to-date, indicating potential strain in global financial conditions, according to Stephen Innes of SPI Asset Management.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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