Singapore Shares Rise 0.4%, Tracking Wall Street's Gains -- Market Talk

Dow Jones03-13

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)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment