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Singapore shares edge up on hopes of US and EU rate cuts
The Straits Times
|June 06, 2025
• Investors shrug off news of tepid local retail sales in April • Yangzijiang Shipbuilding top STI gainer, rising 4.5% • Regional bourses end mixed, taking cue from Wall Street
The prospect of further rate cuts in the US gave local shares a modest boost on June 5, despite a mixed session on Wall Street overnight.
Investors here also shrugged off news that retail sales in Singapore rose just 0.3 per cent year on year in April, down from the 1.3 per cent growth in March.
The benchmark Straits Times Index (STI) rose 0.4 per cent or 13.81 points to 3,917.69 with gainers trouncing losers 331 to 177 in broader market on turnover of one billion securities worth $1.2 billion.
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