Singapore Shares Fall 0.5% as Investors Digest China Growth Target -- Market Talk

Dow Jones03-05

0930 GMT - Singapore's FTSE Straits Times Index closed 0.5% lower at 3107.10. Investors are likely assessing China's 2024 economic growth target of around 5%, a goal that economists say will require more policy support as challenges mount. "The 5% growth target does suggest that China is prepared to do more to stimulate the economy if needed," said UOB economist Ho Woei Chen in a note. Almost all sectors were in the red. Among the worst performers on the benchmark index, Seatrium fell 3.3%, SATS was down 2.3% and Genting Singapore lost 2.2%. Meanwhile, UOL Group rose 0.7%. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

March 05, 2024 04:30 ET (09:30 GMT)

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Among the worst performers on the benchmark index, Seatrium fell 3.3%, SATS was down 2.3% and Genting Singapore lost 2.2%. Meanwhile, UOL Group rose 0.7%. 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Investors are likely assessing China's 2024 economic growth target of around 5%, a goal that economists say will require ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1267930227.SGD","symbol_name":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2417647134","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2417647134","pubTimestamp":1709631000,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0930 GMT - Singapore's FTSE Straits Times Index closed 0.5% lower at 3107.10. Investors are likely assessing China's 2024 economic growth target of around 5%, a goal that economists say will require more policy support as challenges mount. \"The 5% growth target does suggest that China is prepared to do more to stimulate the economy if needed,\" said UOB economist Ho Woei Chen in a note. Almost all sectors were in the red. Among the worst performers on the benchmark index, Seatrium fell 3.3%, SATS was down 2.3% and Genting Singapore lost 2.2%. Meanwhile, UOL Group rose 0.7%. 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Investors are likely assessing China's 2024 economic growth target of around 5%, a goal that economists say will require more policy support as challenges mount. \"The 5% growth target does suggest that China is prepared to do more to stimulate the economy if needed,\" said UOB economist Ho Woei Chen in a note. Almost all sectors were in the red. Among the worst performers on the benchmark index, Seatrium fell 3.3%, SATS was down 2.3% and Genting Singapore lost 2.2%. Meanwhile, UOL Group rose 0.7%. 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