Market View: Strike on Gaza hospital and impact on global markets, STI; S-Reit’s outlook for the final quarter; China’s economic growth slowed to 4.9% in Q3, IMF maintains APAC growth forecast; Visa, Mastercard drops as Fed considers revising cap on merchant fees; Near term volatilities on USD

Your Way Home with Hongbin Jeong · Oct 18, 2023 · 10m

Singapore shares opened weaker today, led by declines in banking stocks and index counters. That’s after global markets finished muted in the previous session. In early trade, the Straits Times Index (STI) headed down 0.3 per cent to 3,161.5 points after 24.9 million securities changed hands in the broader market. S-Reits are in focus today after Keppel Reit’s manager reported a 5 per cent year-on-year increase in property income to S$172.6 million for its first nine months ended September. Elsewhere from China’s economic growth slowing to 4.9 per cent in the third quarter to the impact of…