Singapore Shares Edge 0.1% Lower, Weighed by Higher Treasury Yields -- Market Talk

Dow Jones06-20

0115 GMT - Singapore's FTSE Straits Times Index edges 0.1% lower to 3302.05 in early trade, weighed by higher Treasury yields that increase the appeal of U.S. fixed-income assets compared with that of local equities. Given the U.S. holiday overnight, investors may await for upcoming U.S. economic data including weekly initial jobless claims due out later today. Among the worst performers on the benchmark index, Thai Beverage falls 1.1%, Keppel Ltd. drops 1.2%, and Yangzijiang Shipbuilding is down 0.8%. Meanwhile, Jardine Matheson Holdings rises 1.15%, Singapore Telecommunications rises 0.4% and Wilmar International is up 0.3%. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 19, 2024 21:15 ET (01:15 GMT)

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