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STI slides 0.8% amid uncertainty over Fed rate-cut decision
The Straits Times
|October 23, 2024
● Losers beat gainers 262 to 235 in broader market ● Sembcorp is top STI loser while SIA sheds 1.7% ● Asian stocks mostly dip but Chinese markets up
The prospect of the Federal Reserve delaying its rate cuts or dishing out a smaller snip made investors cautious on Oct 22, and caused Singapore and most regional stocks to finish lower.
The Straits Times Index (STI) slid 27.17 points or 0.8 per cent to 3,587.41, with only three stocks in the 30-counter benchmark ending higher. Another three were flat and the remaining 24 were in the red.
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