Singapore Shares Close Higher; Market Waits for Fed Chair Testimony -- Market Talk

Dow Jones03-06

0935 GMT - Singapore's FTSE Straits Times Index closed 0.9% higher at 3136.14, maintaining earlier gains from a possible technical recovery after three straight sessions of losses. Market participants are likely monitoring U.S. Federal Reserve Chair Jerome Powell's congressional testimony later in the day to see if he will deviate from the central bank's recent message of 'no rush to cut rates', Ken Cheung, chief Asian FX strategist at Mizuho Bank, said in an email. Advancers included Singapore Airlines, which rose 2.4%; Seatrium, which added 2.25%; and Genting Singapore, which was up 2.2%. Meanwhile, UOL Group was down 1.25%. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

March 06, 2024 04:35 ET (09:35 GMT)

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Advancers included Singapore Airlines, which rose 2.4%; Seatrium, which added 2.25%; and Genting Singapore, which was up 2.2%. Meanwhile, UOL Group was down 1.25%. 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Market participants...</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":"SG9999016042.SGD","symbol_name":"Schroder Singapore Trust A Acc SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2417925424","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2417925424","pubTimestamp":1709717700,"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":"0935 GMT - Singapore's FTSE Straits Times Index closed 0.9% higher at 3136.14, maintaining earlier gains from a possible technical recovery after three straight sessions of losses. 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