Singapore shares decline amid hawkish Fed minutes; STI loses 0.2%

Quick Summary:

The US Federal Reserve minutes released on Feb 19 showed that policymakers believe potential changes in trade and immigration policy could add to inflation, implying rates may not be cut.

SINGAPORE – Another dose of cold water on hopes for more US interest rate cuts sent local shares sliding a tad on Feb 20 after investors opted for a cautious approach.

Budget 2025 seen benefiting banks, retail, new energy, AI, underpinning SGX Singtel Q3 profit surges 183.4% to $1.3 billion on exceptional gains; shares up 2.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaHong KongSouth KoreaMalaysia

Topics: Billion Cent Added Market Jones Gains Industrial Average Rose Advanced

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-20 @ 18:27:20 (2 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 26291224

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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