Singapore stocks end flat despite Asia rally on Fed rate cut hopes

Gainers outpace losers 394 to 211 across broader market YZJ Shipbuilding tops STI; Singtel is biggest decliner Trio of local banks end mixed, with only DBS in the black

- Tan Nai Lun

Local stocks ended flat on Sept 8 while Asian markets rallied amid expectations that the Federal Reserve will cut interest rates in September, given a weak US jobs report.

The benchmark Straits Times Index (STI) inched up 0.03 per cent or 1.44 points to 4,308.52.

Across the broader market, gainers outnumbered losers 394 to 211, after two billion securities worth $1.3 billion changed hands.

Elsewhere in the region, key indexes ended largely higher.