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2022-01-25

When to enter

Singapore stocks open lower on Tuesday; STI down 0.6%

SINGAPORE stocks fell in early trade on Tuesday (Jan 25) following updates from the Monetary Authori

Singapore stocks open lower on Tuesday; STI down 0.6%

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Thedata centre real estate investment trustwas down 0.9 per cent or S$0.02 to S$2.23 in early trade.The trio of local banks were in the red on Tuesday morning. DBS was down 0.8 per cent or S$0.29 to S$35.37, UOB fell 1.3 per cent or S$0.40 to S$29.61, while OCBC slipped 0.9 per cent or S$0.11 to S$12.19..In the US,Wall Street returned to the black in a huge comeback on Monday, ahead of a closely-watched US Federal Reserve decision expected to signal imminent interest rate hikes.The Dow Jones Industrial Average finished up 0.3 per cent at 34,364.50. The broad-based S&P 500 also soared 0.3 per cent to close at 4,410.13, while the tech-rich Nasdaq Composite Index advanced 0.6 per cent to 13,855.13.Meanwhile,European shares plummeted over worries about a Russian attack on Ukraine and the possibility of a more hawkish US Federal Reserve this week. 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