Singapore Shares Incur Losses Despite Potential US Federal Reserve Rate Cuts

Published on 08/14/2025 at 05:45 am EDT
(MT Newswires) -- Singapore shares ended Thursday in red, tracking losses across the region, despite the possibility of the US Federal Reserve cutting interest rates by September.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,247.32 and 4,282.80 throughout the day. It ended the session at 4,256.52, down 16.24 points or 0.38% compared to Wednesday's close.
In company news, shares of ST Engineering were down over 6% at the close even as its attributable profit to shareholders jumped 20% during the first half of the year to SG$402.8 million from SG$336.5 million a year earlier.
CapitaLand Investment's shares were down nearly 4% after its attributable profit to owners declined by 13% in the first half of the year to SG$287 million from SG$331 million a year earlier.
Meanwhile, Food Empire's shares were down over 4% at the close as it booked an attributable loss to equity holders of $1.5 million during the first half of the year, against an attributable profit of $23.6 million a year earlier.

Sumber : MT Newswires