0946 GMT - Singapore's FTSE Straits Times Index closed 0.6% higher at 3930.49, tracking U.S. futures. Asian markets likely tracked U.S. optimism after a dovish stance from the Fed, the Saxo Strategy team wrote. Volatility in markets also sharply fell after Fed Chair Jerome Powell's comments, with attention now shifting to manufacturing and existing home sales data due later today, they add. Among advancers, ST Engineering jumped 5.2%, Sembcorp Industries rose 2.6% and Mapletree Logistics Trust was 2.3% higher. Among decliners, DFI Retail Group lost 1.3%, Thai Beverage Public Co. fell 1.0% and Yangzijiang Shipbuilding was 0.85% lower. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 05:46 ET (09:46 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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.