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Singapore stocks fall after Fed chief signals higher US inflation
The Straits Times
|June 20, 2025
• STI down 0.7% as tensions in Middle East spark unease • All three local banks close in negative territory • Seoul edges up while other regional bourses fall
Local shares mirrored falls across global markets on June 19 amid concerns about sticky US inflation and growing unease over escalating tensions in the Middle East.
An air of pessimism set in for the trading day when US Federal Reserve chair Jerome Powell warned that consumers are expected to face higher prices due to the Trump administration's proposed import tariffs. He also dampened hopes about impending interest rate cuts in coming months.
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