STI slides 0.8% as investors turn cautious amid Fed’s rate-cut uncertainty

Quick Summary:

Most Asian stocks end down, and the upcoming US polls add to investor caution.

Singapore Airlines (SIA) logged a 1.7 per cent or $0.11 dip to $6.39.

But Chinese markets rose as the interest rate cut by the People’s Bank of China was steeper than street expectations.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaIndonesia

Topics: Federal Straits Cent Rate Slid Slides Points Singapore Stocks Reserve Index

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 18:35:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 424 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 23199457

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 10 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 3 hours ago

Coverage Areas: Singapore

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Publisher ID: #25

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