Singapore Shares Fall despite Regional Rally; STI down 0.1%

business times04-08

SINGAPORE shares edged lower despite a regional rally, with the Straits Times Index (STI) shedding 0.1 per cent or 2.27 points to 3,215.99 on Monday (Apr 8).Across the broader market, gainers beat ...

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StockMaskter
04-08
StockMaskter
LMAO. Sg stocks are for noob investors

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Japan’s Nikkei 225 rose 0.9 per cent, while both South Korea’s Kospi and Hong Kong’s Hang Seng Index gained 0.1 per cent.IG market analyst Yeap Jun Rong said that the region’s positive start to the week could be due to Wall Street’s strong showing on Friday, despite a spike in US Treasury yields as stronger labour data emerged in the US.“This comes as Wall Street took the robust US March job report in (its) stride to end last week, choosing to focus on the fact that further resilience in economic conditions may support the corporate earnings recovery and looking beyond the usual pushback against earlier rate cuts,” he said.Still, he said that further gains could be limited ahead of the release of US consumer price index data on Wednesday. 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