Singapore REITs rally on expectations of slower interest rate hikes

0

Singapore REITs rallied sharply at the close of the trading week on 30 November, after investors interpret comments from the US central bank as hints that interest rate hikes may soon slow.

US Federal Reserve chairman Jerome Powell said on 28 November that that the country's interest rates were “just below” a range of estimates for “neutral”, indicating that the series of hikes that have taken place since 2015 may finally ease off in 2019.

The benchmark FTSE ST Real Estate Investment Index, which measures the broader Singapore REITs sector, finished 2.5% higher at the end of the trading week at 780.38, compared to 769.50 on 26 November.

To read the full article, please login or subscribe.

Share.

Comments are closed.