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S'pore shares fall on signs of Fed's tight rein on rate cuts

The Straits Times

|

January 10, 2025

• STI slips 0.6%, with losers beating gainers 281 to 222 • YZJ Shipbuilding tops local index; Genting finishes last • ASX 200 snaps winning streak as most regional bourses fall

- Megan Cheah and Chong Xin Wei

Signals that the US Federal Reserve will be keeping a tight rein on rate cuts in 2025 had a dampening effect on shares here and across the region on Jan 9.

The Straits Times Index (STI) slipped 0.6 per cent, or 24.38 points, to 3,862.6, with losers beating gainers 281 to 222 on modest trade of 982.3 million shares worth $913.1 million.

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