Singapore Shares Higher Despite Regional Losses Over Future US Interest Rate Uncertainty

MT Newswires
Dec 09

Singapore shares rose on Tuesday, despite losses across the region, as investors showed more caution towards the US Federal Reserve's plans for interest rates next year.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,502.87 and 4,520.05 throughout the day. It ended the session at 4,513.24, up 6.16 points or 0.1% compared to Monday's close.

In corporate news, shares of Autagco (SGX:1D3) zoomed over 50% at the close as it agreed with Lenn International to extend the maturity date of a convertible loan agreement for an amount of SG$500,000 to June 2, 2027.

Singapore Post (SGX:S08) decided to increase the rate of all regular domestic mail by SG$0.10 from Jan. 1, 2026.

Meanwhile, ValueMax (SGX:T6I) is targeting to raise between SG$10 million and SG$50 million through the issuance of a three-month commercial paper in digital securities.

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