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Market View: US Fed holds rates, signals three cuts in 2024; Country Garden to sell small sake in Dalian Wanda unit; Manulife US Reit on approvals relating to recapitalisation plans; Sembcorp Industries awarded 300-megawatt solar project from India’s NHPC
Singapore shares opened on a strong footing today after US equities rallied overnight, with the Dow Jones posting a record high on signals of lower borrowing costs in 2024. In early trade, the Straits Times Index (STI) rose 0.7 per cent to 3,124.90 points after 73.1 million securities changed hands in the broader market. In terms of companies to watch, we have Sembcorp Industries, after the group said it was awarded a 300-megawatt solar project from NHPC, an enterprise of India’s government. Meanwhile, from the US Federal Reserve signalling three rate cuts in 2024, to news of Country Garden…
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