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2021-12-15

Cargo more demand than passengers during pandemic. Sea freight charges sky rocketing with bottle neck & delays.

Singapore stocks close lower on Wednesday, STI down 0.2%

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Sea freight charges&nbsp;sky rocketing with bottle neck &amp;&nbsp;delays.</p></body></html>","text":"Cargo more demand than passengers during pandemic. Sea freight charges sky rocketing with bottle neck & delays.","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/607524882","repostId":1103453633,"repostType":2,"repost":{"id":"1103453633","pubTimestamp":1639563447,"share":"https://www.laohu8.com/m/news/1103453633?lang=&edition=full","pubTime":"2021-12-15 18:17","market":"sg","language":"en","title":"Singapore stocks close lower on Wednesday, STI down 0.2%","url":"https://stock-news.laohu8.com/highlight/detail?id=1103453633","media":"Businesstimes","summary":"TRADERS approached markets with caution on Wednesday, amid continued worries over the usual suspects","content":"<div>\n<p>TRADERS approached markets with caution on Wednesday, amid continued worries over the usual suspects - potential tapering by the US Federal Reserve and the Omicron variant.\nThe benchmark Straits Times...</p>\n\n<a href=\"https://www.businesstimes.com.sg/stocks/local-stocks-close-lower-on-wednesday-sti-down-02\">Web Link</a>\n\n</div>\n","source":"lsy1607307803821","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore stocks close lower on Wednesday, STI down 0.2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 18:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/stocks/local-stocks-close-lower-on-wednesday-sti-down-02><strong>Businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TRADERS approached markets with caution on Wednesday, amid continued worries over the usual suspects - potential tapering by the US Federal Reserve and the Omicron variant.\nThe benchmark Straits Times...</p>\n\n<a href=\"https://www.businesstimes.com.sg/stocks/local-stocks-close-lower-on-wednesday-sti-down-02\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/stocks/local-stocks-close-lower-on-wednesday-sti-down-02","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103453633","content_text":"TRADERS approached markets with caution on Wednesday, amid continued worries over the usual suspects - potential tapering by the US Federal Reserve and the Omicron variant.\nThe benchmark Straits Times Index fell 0.2 per cent or 6.21 points to end Wednesday at 3,114.88. Across the broader market, decliners surged past advancers 264 to 180, after 883.4 million securities worth a total of S$761.8 million changed hands.\nIG market strategist Yeap Jun Rong noted that a \"wait-and-see stance\" would likely prevail across markets in the region ahead of the Federal Open Market Committee (FOMC) meeting, as traders are looking to sidestep additional risks.\n\"The FOMC outcome will likely see markets scrutinising on three aspects: the pace of tightening, the outlook for rate hikes and the economic forecasts,\" said Yeap.\n\"Thus far, market expectations may be pricing for a potential doubling of (the) tapering pace (US$30 billion), with 2 to 3 rate hikes by the end of 2022.\"\nAn outcome which suggests either a larger monthly reduction in asset purchases by the Fed or a shift in policymakers' support for 3 rate hikes next year, he added, may paint a \"more hawkish outcome\" that could potentially weigh on equities.\nAcross Asia, markets made only slight gains at best. The Kospi added 0.05 per cent; the Nikkei 225 gained 0.1 per cent, and the KLCI gained 0.1 per cent. Meanwhile, the Hang Seng Index fell 0.9 per cent and the ASX 200 shed 0.7 per cent.\nOn the local bourse, thinly-traded Great Eastern Holdings was the top gainer. The counter closed at S$20.43, up 1.2 per cent or S$0.25. Jardine Cycle and Carriagewas another top advancer, adding 0.3 per cent or S$0.07 to S$21.27.\nThe trio of local lenders ended the day mixed. OCBC was down 0.3 per cent or S$0.03 to S$11.29. Meanwhile, DBS was up 0.2 per cent or S$0.06 to S$31.90 and UOB added 0.2 per cent or S$0.04 to S$26.68.\nA number of tech plays were among the biggest decliners. AEM Holdings was the biggest loser of the day, falling 3.9 per cent or S$0.21 to S$5.14. Venture Corporation was down 0.4 per cent or S$0.07 to S$18.50; Nanofilm Technologies shed 1.5 per cent or S$0.06 to S$3.88, and iFast lost 0.6 per cent or S$0.05 to S$8.09. 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