Singapore Stocks Falter Despite US Inflation Easing

Singapore's Straits Times Index (STI) dipped slightly on Thursday, down 0.1%, despite a soft US inflation reading that had eased worries about further rate hikes.

The STI swung between 5,652.82 and 5,700.59 before ending at 5,667.67, with single-company deal updates driving the biggest moves in the market.

Thakral Corp. jumped nearly 5% after completing the sale of a commercial building in Osaka for 4.12 billion yen, while Jardine Matheson gained almost 3% following its acquisition of I-MED Radiology Network, an Australian medical imaging business.

Mapletree Industrial Trust fell almost 1% after selling a Minnesota data center to its current tenant, DataBank Properties, for $9.81 million.