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Express News | Straits Times Index (STI) fell by 0.23%, Keppel Corporation investment dropped nearly 4%
Express News | The FTSE Straits Times Index in Singapore opened flat, while Mapletree Industrial Trust fell nearly 2%.
Express News | The Straits Times Index opened down 0.06%, and Mapletree Industrial Trust fell more than 1%.
Express News | Singapore stock market opened slightly higher, with the FTSE Singapore Straits Index up 0.16%.
Express News | Singapore stocks opened, with the FTSE Straits Times Index falling 0.24%. Among the constituents, SGX fell more than 1%, YZJ Shipbldg SGD and UOB fell nearly 1%.
The chain reaction of the Fed's interest rate cut: small cap stocks are highly favored.
Many smaller AI sector stocks in the Asian market are relatively few, so their valuations are not expensive; coupled with the dovish turn of the Federal Reserve, which has pushed up the currencies of these Asian countries, some central banks have room to lower interest rates and implement loose policies to support economic growth.