$FTSE Singapore Straits Time Index (.STI.SG)$ (Morning News)...
$FTSE Singapore Straits Time Index (.STI.SG)$ (Morning News) The opening of the Asia Pacific stock market today (Wednesday, October 20) is expected to follow the rise of the US stock market. The market is focusing on corporate profits, which has alleviated concerns about inflation. The US stock market in New York rose markedly yesterday. The S&P 500 index rose 0.74%, the Dow Jones index rose 0.56%, and the Nasdaq index rose 0.71%. Futures for the three major US stock indexes have all risen slightly since today. The Tokyo stock market, which opened earlier this morning, is currently up 0.56%, while the Sydney and Seoul stock markets have also risen 0.89% and 0.25%.
Locally, investors are optimistic about the results that US technology companies will release. Coupled with the net inflow of institutional capital into the local stock market, the Straits Times Index rose 25.19 points, or 0.79%, yesterday, and closed at 3199.01 points.
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