Singapore shares closed lower on Friday (Feb 18), amid mixed trading in regional markets as investors continued to keep an eye on geopolitical tensions in Ukraine. The Straits Times Index (STI) fell 0.4 per cent or 12.67 points to close at 3,428.90. The market barometer was little changed over the week, down just 0.05 points. Across the broader market, gainers outnumbered losers 259 to 226 after 1.3 billion securities worth S$1.2 billion changed hands.
The ongoing standoff between Russia and Ukraine as well solidifying expectations of a Federal Reserve rate increase next month, sent US stock indices closing lower on Friday. Wall Street also is bracing for the Federal Reserve to launch a series of increases in the benchmark lending rate. The benchmark Dow Jones Industrial Average ended 0.7 per cent lower at 34,079.18, and the broad-based S&P 500 also fell 0.7 per cent to 4,348.87. The tech-rich Nasdaq Composite Index lost 1.2 per cent to end at 13,548.07.
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