STI follows Wall Street down as Fed indicates fewer rate cuts
The Straits Times|December 20, 2024
Local banks end mixed; Reits fall sharply despite US rate cut | Losers easily outpace gainers 340 to 176 in broader market | Major regional indexes decline, with South Korea down 2%
Benjamin Cher

The carnage on Wall Street overnight following downbeat forecasts on US rate cuts sent shares sliding across the region on Dec 19.

The Straits Times Index (STI) escaped relatively lightly, falling just 0.4 per cent or 16.74 points to 3,762.88, but losers easily outpaced gainers 340 to 176 on trade of 1.2 billion securities worth $1.3 billion.

This story is from the December 20, 2024 edition of The Straits Times.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 20, 2024 edition of The Straits Times.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE STRAITS TIMESView All
The Straits Times

Social acceptance of casual gambling behind lotteries' popularity

Social acceptance of casual gambling and the wide variety of betting options available contribute to the popularity of lotteries and Singapore Pools' growing turnover.

time-read
1 min  |
December 21, 2024
Toyota Camry is the clear champion
The Straits Times

Toyota Camry is the clear champion

This is the second time in the 22-year history of the award that Toyota has won

time-read
5 mins  |
December 21, 2024
Tiny Brazil bar gets 24K Magic moment with Bruno Mars visit
The Straits Times

Tiny Brazil bar gets 24K Magic moment with Bruno Mars visit

A small bar in the Brazilian city of Belo Horizonte named Lacador has got its uptown funk on, following a surprise visit by American pop hit-maker Bruno Mars.

time-read
2 mins  |
December 21, 2024
Jail for blackmailers who extorted from late South Korean actor Lee Sun-kyun
The Straits Times

Jail for blackmailers who extorted from late South Korean actor Lee Sun-kyun

A bar hostess and a former actress who extorted a total of 350 million won (S$328,000) from late South Korean actor Lee Sun-kyun were sentenced to prison on Dec 19, local media reported.

time-read
1 min  |
December 21, 2024
Naomi Neo, Jianhao Tan still Singapore's top influencers
The Straits Times

Naomi Neo, Jianhao Tan still Singapore's top influencers

Singaporean content creators Naomi Neo and Jianhao Tan have emerged again as the country's top influencers, according to figures released by media intelligence and data analytics firm Meltwater in a new report on Dec 19.

time-read
1 min  |
December 21, 2024
Jeered Olympic breakdancer Raygun says row over musical resolved
The Straits Times

Jeered Olympic breakdancer Raygun says row over musical resolved

Australian Olympic breakdancer Rachael \"Raygun\" Gunn says her legal dispute with the maker of a parody musical about her has been resolved, with a new version planned.

time-read
1 min  |
December 21, 2024
CAR-FREE SUNDAY A HIT IN COLOMBIA
The Straits Times

CAR-FREE SUNDAY A HIT IN COLOMBIA

Fifty years ago, a 28-year-old Colombian with a bushy beard, flares and vintage Raleigh bicycle led a revolution on the streets of Bogota.

time-read
3 mins  |
December 21, 2024
New Freed is more efficient, punchy and refined
The Straits Times

New Freed is more efficient, punchy and refined

Honda's dual-motor hybrid compact seven-seater is now more than a match for Toyota's Sienta

time-read
3 mins  |
December 21, 2024
Toyota Camry is the clear champion
The Straits Times

Toyota Camry is the clear champion

This is the second time in the 22-year history of the award that Toyota has won

time-read
3 mins  |
December 21, 2024
How to buy a pre-loved gift someone might actually want
The Straits Times

How to buy a pre-loved gift someone might actually want

If you plan to regift, consider second-hand handbags, watches, jewellery and outerwear, as these are popular items among recipients

time-read
4 mins  |
December 21, 2024