0954 GMT - Singapore stocks closed lower, with declines led by index heavyweight Singtel and bank stocks. Investors braced for Nvidia's 3Q results later in the day, which is expected to be a key catalyst for broader markets. Morgan Stanley expects 2025 to be another fruitful year for Singapore against a relatively challenging regional market backdrop. Singtel fell 3.1% while DBS and United Overseas Bank declined 0.85% and 0.55%, respectively. Shipbuilding stocks broadly rose, with Yangzijiang Shipbuilding gaining 1.5% and Seatrium advancing 1.05%. Singapore's benchmark FTSE Straits Times Index ended 0.4% lower at 3743.64. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
November 20, 2024 04:54 ET (09:54 GMT)
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