0127 GMT - Singapore shares edge lower, weighed by bank and REIT stocks. United Overseas Bank drops 1.6% and DBS puts off 0.6%. Frasers Logistics & Commercial Trust declines 0.9% and Mapletree Logistics Trust sheds 0.7%. Sheng Siong is up 1.3% after it reported higher 3Q revenue and net profit. Shipbuilding stocks are broadly higher with Seatrium up 0.5% and Yangzijiang Shipbuilding rising 0.4%. Investors will pay attention to the U.S. advance 3Q GDP estimate due today and October employment report this week to gauge the Fed's next move. The FTSE Straits Times Index is 0.1% lower at 3586.29. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
October 29, 2024 21:27 ET (01:27 GMT)
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