Singapore Shares Muted Amid Tech Bubble, Fed Rate Uncertainties

MT Newswires
Nov 19

Singapore shares closed marginally higher on Wednesday, with most markets ending mixed as regions respond to an AI-fueled bubble and persistent uncertainty over US interest rates.

The Straits Times Index, a key benchmark for the Singapore Exchange, ranged between 4,493.36 and 4,519.72 throughout the day. It ended the session at 4,505.22, up 0.55 points or 0.01%.

In corporate news, shares of Yangzijiang Maritime Financial (SGX:8YZ) closed nearly 3% lower a day after its debut on the Singapore Exchange.

Alset's shares were up over 4% after its subsidiary, LiquidValue Development, changed its name to Winning Catering.

Meanwhile, shares of LHN Group (SGX:41O, HKG:1730) were up over 1% after the company forecasted a lower pre-tax net profit for the fiscal year ended Sept. 30.

STI up 0.01%; Yangzijiang Shipbuilding up 3%; Seatrium, Sheng Siong up 1%; Genting Singapore fell 3%; Nio, Sembcorp fell 1%.

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