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S'pore shares rise after Fed eases recession concerns, holds rates
The Straits Times
|March 21, 2025
Gainers beat losers 286 to 243; trio of local banks advance ST Engineering tops STI; DFI Retail Group leads losers Region mostly down but Australia, S. Korea buck trend
Shares in Singapore enjoyed a welcome boost on March 20 after the US Federal Reserve eased concerns over an impending recession, although it did kick further interest rate cuts down the road.
The breathing room gave the benchmark Straits Times Index (STI) enough impetus to rise 22.18 points or 0.6 per cent to 3,930.49, with gainers beating losers 286 to 243 on trade of 1.1 billion securities worth $1.4 billion.
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