0111 GMT - Singapore's FTSE Straits Times Index rises 0.4% to 3153.88 in early trade, tracking Wall Street's gains overnight. Despite hotter-than-expected U.S. CPI data, investors don't seem to be unduly concerned that the Fed may need to scale back its plans to cut rates, Chris Beauchamp, chief market analyst at IG, says in a commentary. Among the best performers on the benchmark index, property developer UOL Group rises 1.05%, index heavyweight DBS rises 1.1%, and integrated-resort operator Genting Singapore is up 1.1%. Meanwhile, Jardine Matheson Holdings falls 1.8% and CapitaLand Integrated Commercial Trust loses 1.0%. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 12, 2024 21:11 ET (01:11 GMT)
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