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Singapore stocks advance after US inflation policy shift; STI up 1% at open

  • 📰 BusinessTimes
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SINGAPORE shares were pulled into positive territory on Friday, tracking a Wall Street rally overnight after Federal Reserve chair Jerome Powell announced changes designed to give the US central bank more flexibility on monetary policy. Read more at The Business Times.

Genting Singapore gained 0.5 Singapore cent or 0.7 per cent to 71 cents, with some 567,200 shares traded.

Other active securities included SATS which rose S$0.06 or 2.1 per cent to S$2.99, while CapitaLand edged up S$0.05 or 1.8 per cent to S$2.80. The benchmark Dow Jones Industrial Average gained 0.6 per cent to close at 28,492.27, while the broad-based S&P 500 posted its fifth straight record rising 0.2 per cent to 3,484.55. The Nasdaq however, snapped its streak of five back-to-back records, retreating 0.4 per cent to finish at 11,926.16.

 

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