Singapore Stocks Hold Steady Amid Federal Reserve Policy Uncertainty
The Straits Times Index (STI) moved within a narrow range this week as investors engaged in profit-taking. This cautious trading was driven by a wait-and-see approach from investors assessing global inflation signals and the policy outlook from the Federal Reserve. Banking heavyweights, including DBS Group Holdings, Oversea-Chinese Banking Corporation, and United Overseas Bank, provided support to the index. Technology and consumer counters faced intermittent selling pressure, while commodity-linked stocks saw selective interest. The index ended the week of April 6–10 on a steady but cautious note.
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