Singapore Shares Extend Gains as US Fed Rate Cut Optimism Grows

MT Newswires

Yesterday

Singapore shares extended gains on Tuesday on growing optimism that the US Federal Reserve will deliver further interest rate cuts.

The Straits Times Index ranged between 4,272.48 and 4,300.16 throughout the day. It ended the session at 4,300.16, up 30.18 points or 0.71% compared to Monday's close.

In economic news, the Asian Development Bank slashed Singapore's 2026 GDP outlook to 1.4% after an initial estimate of 2.4%, according to its outlook release.

In company news, shares of Mandarin Oriental International (SGX:M04) closed 7% higher after it revealed discussions over a possible sale of an office space at One Causeway Bay.

GKE Corp. (SGX:595) was up nearly 3% after it received a listing and quotation notice for up to 88.1 million shares.

Meanwhile, CapitaLand Investment (SGX:9CI) was up under 1% as it partnered with SAC Capital Partners to launch an industrial development fund in the UAE.

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It ended the session at 4,300.16, up 30.18 points or 0.71% compared to Monday&#39;s close.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4b50375f7cd66637a998d326a562d410\" tg-width=\"311\" tg-height=\"698\"/></p><p>In economic news, the Asian Development Bank slashed Singapore&#39;s 2026 GDP outlook to 1.4% after an initial estimate of 2.4%, according to its outlook release.</p><p>In company news, shares of <a href=\"https://laohu8.com/S/MAORF\">Mandarin Oriental</a> International (SGX:M04) closed 7% higher after it revealed discussions over a possible sale of an office space at One Causeway Bay.</p><p>GKE Corp. (SGX:595) was up nearly 3% after it received a listing and quotation notice for up to 88.1 million shares.</p><p>Meanwhile, CapitaLand Investment (SGX:9CI) was up under 1% as it partnered with SAC Capital Partners to launch an industrial development fund in the UAE.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999005177.SGD","symbol_name":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2571348018","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2571348018","pubTimestamp":1759226619,"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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