Singapore Shares Edge 0.2% Lower, Tracking Wall Street's Losses

Dow Jones
Dec 13, 2024

Singapore's benchmark FTSE Straits Times Index edges 0.2% lower to 3802.52, tracking Wall Street's losses overnight. Investors may also be disappointed by China's post-economic conference's statement released Thursday, analysts say. "It's worth noting that China's leadership has so far shown significant reluctance to undertake major direct stimulus to lift consumption," says Alvin T. Tan, head of Asia FX Strategy at RBC Capital Markets, in an email. Among the worst performers on the benchmark index, Yangzijiang Shipbuilding falls 1.1%, Thai Beverage sheds 0.9%, and Mapletree Logistics Trust is down 0.8%. (ronnie.harui@wsj.com)

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