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soft start expected for singapore stock market amid global uncertainties
The Singapore stock market ended its three-day winning streak, with the Straits Times Index dropping 21.10 points to close at 3,799.93. Losses in property and industrial sectors were offset by gains in trusts, while global markets showed weakness ahead of the Federal Reserve's interest rate decision. Wall Street's decline was driven by a pullback in technology stocks, and oil prices fell amid concerns over global demand and potential oversupply.
Hongkong Land Considers Sale of MCL Land for Premium Price
Hongkong Land Holdings Ltd. is reportedly considering the sale of its property developer arm, MCL Land Ltd., which it fully owns. The company aims to divest the Singapore-based developer at a premium to its book value of S$1.1 billion ($820 million) and is engaging financial advisers to facilitate the transaction.
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