Singapore shares were set to open lower on Thursday after the Federal Reserve’s warning that the United States faced a grim economic outlook hurt sentiment and drove U.S. stocks down more than 2%.
Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.39% on Wednesday to 2,791.79 points. Here are some stocks and factors to watch:
Singapore’s DBS (DBSM.SI) may be in focus after it partnered Sri Lanka’s National Development Bank (NDB.CM) to strengthen investment banking activities in the island nation and boost foreign direct investment. Stocks and factors to watch:
Singapore’s Oxley Holdings said on Wednesday its subsidiary Oxley Viva had won a tender for the Hong Leong Garden Shopping Centre, comprising 72 residential units and 66 commercial units in the city-state, at $171.1 million.
Singapore oil services firm Ezra Holdings is finding London attractive for a dual listing, though there are no immediate plans for it due to the current market condition, Singapore’s Business Times reported.
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