Singapore Shares Slip to Red Despite Growing US Interest Rate Cut Hopes

MT Newswires

Nov 25

Despite hopes for a US rate cut, Singapore's shares experienced losses on Tuesday, while most regional indices saw gains.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,476.23 and 4,509.14 throughout the day. It ended the session at 4,485.63, down 11.00 points or 0.2% compared to Monday's close.

In corporate news, SIA Engineering (SGX:S59) was up nearly 1% as it signed an agreement with Safran Aircraft Engines to broaden their partnership in CMF LEAP engine maintenance in Singapore.

Shares of Sunpower (SGX:5GD) were down over 5% at the close with the company naming Lin Jiankai as its group chief executive officer and executive director.

Meanwhile, shares of City Developments (SGX:C09) were largely flat, as its subsidiary, M&C Sakura TMK, agreed with real estate funds managed by Blackstone to divest the Bespoke Hotel Osaka Shinsaibashi in Japan for around 14 billion Japanese yen.

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It ended the session at 4,485.63, down 11.00 points or 0.2% compared to Monday&#39;s close.</p><p>In corporate news, <a href=\"https://laohu8.com/S/SEGSF\">SIA Engineering</a> (SGX:S59) was up nearly 1% as it signed an agreement with Safran Aircraft Engines to broaden their partnership in CMF LEAP engine maintenance in Singapore.</p><p>Shares of Sunpower (SGX:5GD) were down over 5% at the close with the company naming Lin Jiankai as its group chief executive officer and executive director.</p><p>Meanwhile, shares of <a href=\"https://laohu8.com/S/C09.SI\">City Developments</a> (SGX:C09) were largely flat, as its subsidiary, M&amp;C Sakura TMK, agreed with real estate funds managed by <a href=\"https://laohu8.com/S/BX\">Blackstone</a> to divest the Bespoke Hotel Osaka Shinsaibashi in Japan for around 14 billion Japanese yen.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6084","symbol_name":"机场服务","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2586774425","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2586774425","pubTimestamp":1764064232,"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. 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