0115 GMT - Singapore's FTSE Straits Times Index edges 0.1% higher to 3140.18, tracking Wall Street's gains. Fed Chair Powell's comments overnight implied a dialing back of planned tightening in banking capital requirements, which has boosted pivot-type "risk-on" sentiment, says Vishnu Varathan, chief economist for Asia ex-Japan at Mizuho Bank, in an email. Among the best performers on the benchmark index, Wilmar International rises 1.8%, Yangzijiang Shipbuilding adds 1.1%, and Thai Beverage is up 1.0%. Meanwhile, CapitaLand Integrated Commercial Trust drops 1.0%, Jardine Cycle & Carriage sheds 1.1%, and Singapore Airlines is down 0.6%. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 06, 2024 20:15 ET (01:15 GMT)
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