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China Cuts The Reserve Requirement Ratio For Bank By 50 Basis Points. Will This Be Enough For China’s Revivial? (Money FM)

Jan 25, 2024

Singapore stocks slipped in the first few minutes of trade today, led by declines by real estate investment trusts and other index counters. That’s as investors await a slew of earnings in the coming weeks.
In early trade, Straits Times Index headed down 0.2 per cent to 3,148.54 points, after 33.9 million securities changed hands in the broader market.
In terms of companies to watch, we have Mapletree Logistics Trust. The trust manager announced a 1.2  per cent year-on-year rise in distribution per unit on the back of a resilient portfolio, contributions from acquisitions and divestment gains.
Elsewhere, from Elon Musk’s comments on Chinese EV firms to the US Federal Reserve raising the rate on its emergency loan programme, more international headlines remain in focus.