Singapore Shares Remain in Black Despite US Fed Chair's Inflation Warning

MT Newswires

17 Apr

Singapore continued to trade in positive territory on Thursday, soaring past 1.5% despite US Federal Reserve Chair Jerome Powell's warning about the central bank's ability to control inflation in the face of ongoing trade tensions.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,653.08 and 3,722.53 throughout the day. It ended the session at 3,720.33, up 57.88 points or 1.58% compared to Wednesday's close.

SingPost rose 2.8%; Nio, OCBC, UOB, DBS rose 2%.

In economic news, Singapore's non-oil domestic exports or the NODX, was up 5.4% year over year in March, easing from a 7.6% increase in the previous month, according to data released by the Enterprise SG.

In company news, shares of Nam Cheong (SGX:1MZ) surged nearly 13% after the company secured multi-year offshore support vessel charter contracts worth around 317.1 million Malaysian ringgit.

Mermaid Maritime (SGX:DU4) was up nearly 3% after its subsidiary, Mermaid Subsea Services purchased four newbuild Argus electric work-class remote-operated vehicles (WROVs) from Norway-based Argus Remote Systems.

Meanwhile, shares of Olam Group (SGX:VC2) closed over 1% higher at the close after its wholly owned subsidiary, Olam International, entered into a conditional sale and purchase agreement to sell 32.41% stake in ARISE P&L to Equitane DMCC for $175 million in cash.

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.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2528793275"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2528793275\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2528793275?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-17 17:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2528793275","market":"sg","top_or_hot":-1,"title":"Singapore Shares Remain in Black Despite US Fed Chair's Inflation Warning","media":"MT Newswires","content":"<html><head></head><body><p>Singapore continued to trade in positive territory on Thursday, soaring past 1.5% despite US Federal Reserve Chair Jerome Powell&#39;s warning about the central bank&#39;s ability to control inflation in the face of ongoing trade tensions.</p><p>The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,653.08 and 3,722.53 throughout the day. It ended the session at 3,720.33, up 57.88 points or 1.58% compared to Wednesday&#39;s close.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6288ed97c421b5c0cd8c9de8df54bb83\" tg-width=\"289\" tg-height=\"483\"/></p><p>SingPost rose 2.8%; Nio, OCBC, UOB, DBS rose 2%.</p><p>In economic news, Singapore&#39;s non-oil domestic exports or the NODX, was up 5.4% year over year in March, easing from a 7.6% increase in the previous month, according to data released by the Enterprise SG.</p><p>In company news, shares of Nam Cheong (SGX:1MZ) surged nearly 13% after the company secured multi-year offshore support vessel charter contracts worth around 317.1 million Malaysian ringgit.</p><p>Mermaid Maritime (SGX:DU4) was up nearly 3% after its subsidiary, Mermaid Subsea Services purchased four newbuild Argus electric work-class remote-operated vehicles (WROVs) from Norway-based Argus Remote Systems.</p><p>Meanwhile, shares of <a href=\"https://laohu8.com/S/VC2.SI\">Olam Group</a> (SGX:VC2) closed over 1% higher at the close after its wholly owned subsidiary, Olam International, entered into a conditional sale and purchase agreement to sell 32.41% stake in ARISE P&amp;L to Equitane DMCC for $175 million in cash.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Shares Remain in Black Despite US Fed Chair's Inflation Warning</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Shares Remain in Black Despite US Fed Chair's Inflation Warning\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2025-04-17 17:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Singapore continued to trade in positive territory on Thursday, soaring past 1.5% despite US Federal Reserve Chair Jerome Powell&#39;s warning about the central bank&#39;s ability to control inflation in the face of ongoing trade tensions.</p><p>The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,653.08 and 3,722.53 throughout the day. It ended the session at 3,720.33, up 57.88 points or 1.58% compared to Wednesday&#39;s close.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6288ed97c421b5c0cd8c9de8df54bb83\" tg-width=\"289\" tg-height=\"483\"/></p><p>SingPost rose 2.8%; Nio, OCBC, UOB, DBS rose 2%.</p><p>In economic news, Singapore&#39;s non-oil domestic exports or the NODX, was up 5.4% year over year in March, easing from a 7.6% increase in the previous month, according to data released by the Enterprise SG.</p><p>In company news, shares of Nam Cheong (SGX:1MZ) surged nearly 13% after the company secured multi-year offshore support vessel charter contracts worth around 317.1 million Malaysian ringgit.</p><p>Mermaid Maritime (SGX:DU4) was up nearly 3% after its subsidiary, Mermaid Subsea Services purchased four newbuild Argus electric work-class remote-operated vehicles (WROVs) from Norway-based Argus Remote Systems.</p><p>Meanwhile, shares of <a href=\"https://laohu8.com/S/VC2.SI\">Olam Group</a> (SGX:VC2) closed over 1% higher at the close after its wholly owned subsidiary, Olam International, entered into a conditional sale and purchase agreement to sell 32.41% stake in ARISE P&amp;L to Equitane DMCC for $175 million in cash.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6088","symbol_name":"石油天然气设备与服务","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2528793275","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2528793275","pubTimestamp":1744883593,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Singapore continued to trade in positive territory on Thursday, soaring past 1.5% despite US Federal Reserve Chair Jerome Powell's warning about the central bank's ability to control inflation in the face of ongoing trade tensions.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 3,653.08 and 3,722.53 throughout the day. It ended the session at 3,720.33, up 57.88 points or 1.58% compared to Wednesday's close.In economic news, Singapore's non-oil domestic exports or the NODX, was up 5.4% year over year in March, easing from a 7.6% increase in the previous month, according to data released by the Enterprise SG.In company news, shares of Nam Cheong  surged nearly 13% after the company secured multi-year offshore support vessel charter contracts worth around 317.1 million Malaysian ringgit.Mermaid Maritime  was up nearly 3% after its subsidiary, Mermaid Subsea Services purchased four newbuild Argus electric work-class remote-operated vehicles  from Norway","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6088":"石油天然气设备与服务","STI.SI":"富时新加坡海峡指数","BK6065":"建筑机械与重型卡车","BK6522":"化石燃料股","VC2.SI":"Olam Group","BK6025":"食品分销商","DU4.SI":"MERMAID海事","1MZ.SI":"南昌"},"translate_title":"尽管美联储主席发出通胀警告，新加坡股市仍保持黑色","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"1MZ.SI":0.9,"DU4.SI":0.9,"STI.SI":0.7,"VC2.SI":0.9},"content_text":"Singapore continued to trade in positive territory on Thursday, soaring past 1.5% despite US Federal Reserve Chair Jerome Powell's warning about the central bank's ability to control inflation in the face of ongoing trade tensions.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,653.08 and 3,722.53 throughout the day. It ended the session at 3,720.33, up 57.88 points or 1.58% compared to Wednesday's close.SingPost rose 2.8%; Nio, OCBC, UOB, DBS rose 2%.In economic news, Singapore's non-oil domestic exports or the NODX, was up 5.4% year over year in March, easing from a 7.6% increase in the previous month, according to data released by the Enterprise SG.In company news, shares of Nam Cheong (SGX:1MZ) surged nearly 13% after the company secured multi-year offshore support vessel charter contracts worth around 317.1 million Malaysian ringgit.Mermaid Maritime (SGX:DU4) was up nearly 3% after its subsidiary, Mermaid Subsea Services purchased four newbuild Argus electric work-class remote-operated vehicles (WROVs) from Norway-based Argus Remote Systems.Meanwhile, shares of Olam Group (SGX:VC2) closed over 1% higher at the close after its wholly owned subsidiary, Olam International, entered into a conditional sale and purchase agreement to sell 32.41% stake in ARISE P&L to Equitane DMCC for $175 million in cash.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}