The Singapore stock market experienced a significant boost on Thursday, September 19, following the US Federal Reserve’s announcement of a 50-basis-point reduction in the federal funds rate. The Straits Times Index (SGX: ^STI) reached its highest level in 17 years, climbing 1.1% to 3,633.18. Key local banks, DBS (SGX: D05), United Overseas Bank (SGX: U11), […]

source: https://thefinance.sg/2024/09/23/weekly-singapore-stock-market-round-up-sti-hits-17-year-high-after-fed-rate-cut/