Singapore's stock market ended high on Tuesday in anticipation of the US Federal Reserve's policy meeting with rate cuts expected.
The Straits Times Index continued its upward trajectory, rose 0.64% reaching a fresh 52-week high Tuesday, bringing its year-to-date increase to 11%.
In economic news, Singapore's non-oil domestic exports (NODX) increased by 10.7% year on year in August, following a 15.7% rise in July, according to a report by Enterprise Singapore.
Singapore's labor market expanded at a faster pace in the second quarter of the year, with total employment rising by 11,300, compared to 4,700 in the previous quarter, according to the Ministry of Manpower's latest quarterly labor market report.
In company news, shares of Helen's International were down over 4% after the company informed shareholders of updates to the group's overall contribution and contribution margin of its branded and third party alcoholic brands for the half ended June 30.
AIMS APAC REIT was up nearly 1% after it entered into a new unsecured sustainability-linked loan facility agreement for a new term loan and revolving facilities of SG$400.0 million and AU$150.0 million.
Meanwhile, Winking Studios closed nearly 2% higher after the gaming studio proposed a dual listing as the company seeks to expand its client base.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.