Singapore stocks rose as trading began on Monday—STI gained 0.2% Singapore News

📆 23/12/2024 13.07.00
📰 IndependentSG

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Singapore stocks rose as trading began on Monday, Dec 23, supported by gains across the Asia-Pacific region after lower-than-expected inflation data from the US, which eased concerns over interest rat

e cuts next year.

In the broader market, 75 stocks gained while 41 declined, with 69.3 million securities valued at S$49.4 million traded. Advanced Systems Automation also fell sharply by 33.3%, or S$0.005, to S$0.01, with nearly eight million shares traded. Following the report, traders slightly adjusted their expectations for Federal Reserve rate cuts in 2025. They now anticipate the first cut in March and a second by October, compared to earlier estimates of a 50% chance for a second cut by December 2025.

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