0116 GMT - Singapore's FTSE Straits Times Index is flat at 3594.19 in early trade, as investors digest economic data from China released over the weekend. China's industrial profits declined at a faster pace in September than August, UOB's Global Economics & Markets Research team writes. The data suggests that stimulus measures were necessary, but it will take a while to feed through into the economy, UOB says. Among gainers, Hongkong Land climbs 1.4%, Genting Singapore adds 1.2% and Jardine Matheson is up 0.9%. Meanwhile, SATS falls 0.75% and Seatrium sheds 0.5%.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
October 27, 2024 21:16 ET (01:16 GMT)
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