Singapore shares up in line with Wall Street gains; STI rises 1%

Quick Summary:

Losers outnumber gainers 296 to 278, after 1.5 billion securities worth $1.2 billion changed hands.

UOB associate economist Jester Koh noted that Singapore’s electronics sector continued to improve from the weakest reading recorded in May 2023.

Chinese stocks closed lower after the country’s housing minister reiterated municipal governments’ autonomy to relax buying curbs, an announcement that failed to impress investors.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaHong KongSouth KoreaMalaysiaTaiwan

Topics: Shares Benchmark Gains Singapore’s Street Wall Points Straits Index Cent Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 18:51:16 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 417 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 23104963

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

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Headquarters: Singapore

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