Singapore stocks rise amid Fed rate-cut hopes; STI up 0.4%

Quick Summary:

STI was up 0.4 per cent or 16.45 points at 3,809.27.

UOB Kay Hian and Lim & Tan Securities issued “buy” calls in light of a strong order book and increasing demand for sustainable aviation fuel.

Those optimistic US inflation figures – essentially consumer prices ticked higher in November, but no faster than the market was anticipating – and a tech rally energised Wall Street.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaHong KongJapanSouth KoreaMalaysia

Topics: Rise Securities Stocks Losers Market Hopes Million Closed Singapore Index Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 18:39:43 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 414 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 24374621

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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