Singapore's FTSE Straits Times Index is 0.7% lower at 3751.79 in early trade. The Federal Reserve signaled plans to slow rate cuts next year, which led to a string of market reactions, including a stock selloff in the U.S., says Tai Hui, APAC chief market strategist at J.P. Morgan Asset Management in an email. Asian markets today are expected to take U.S. markets' lead as the year-end approaches, the strategist adds. Among decliners, Thai Beverage falls 1.8% and Singtel sheds 2.2%. Meanwhile, Singapore Exchange rises 0.6% and Yangzijiang Shipbuilding adds 0.7%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.