0934 GMT - Singapore's FTSE Straits Times Index closed 0.3% lower at 3791.70, tracking U.S. futures. Markets are focused on upcoming U.S. CPI data and retail sales, which could raise expectations of a prolonged Fed pause if inflation remains sticky and retail sales indicate strong consumer demand, the UOB Global Economics & Markets Research team writes in a note. Thai Beverage and Genting Singapore each fell 2.7%, while Yangzijiang Shipbuilding dropped 1.7%. Among advancers, Singtel rose 1.6%, Sembcorp Industries gained 0.9% and Jardine Matheson edged 0.2% higher. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
January 13, 2025 04:34 ET (09:34 GMT)
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