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STI falls after upward revision in US growth dampens rate cut bets
The Straits Times
|September 27, 2025
The Straits Times Index (STI) fell 0.2 per cent, or 7.88 points, to end at 4,265.98 on Sept 26. It mirrored declines in most Asian markets, after a sharp upward revision in US growth dented hopes of more interest rate cuts.
Gross domestic product (GDP) rose at an upwardly revised 3.8 per cent annualised rate in the second quarter, the US Commerce Department's Bureau of Economic Analysis said in its third GDP estimate on Sept 25. The economy was initially reported to have grown at a 3.3 per cent pace.
This story is from the September 27, 2025 edition of The Straits Times.
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