{
  "id": 7921298,
  "title": "Singapore, Asia markets shrug off US Fed rate hike",
  "url": "https://urgent.news/2026/09/17/singapore-asia-markets-shrug-off-us-fed-rate-hike",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T01:25:08.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/singapore-asia-markets-shrug-us-fed-rate-hike"
  },
  "original_language": "en",
  "account": "Asia markets, including Singapore, opened mostly higher on Thursday, Sept 17, following the U.S. Federal Reserve's first rate hike in three years. The STI, Singapore's key index, gained 0.4% in the first five minutes of trading. Real estate investment trusts (REITs) sensitive to interest rates saw some losses, with UI Boustead REIT and Suntec REIT down 1.2% and 0.7%, respectively, but recovered by 9.20 am. Most other sectors, including banks, opened higher. DBS, OCBC, and UOB saw gains of 0.7%, 0.6%, and 1.3%, respectively. The Fed's decision, targeting 3.75-4% overnight interest rate, marks the first rate hike since 2023 to combat persistent inflation caused by high crude oil prices during the U.S.-Iran conflict. Fed officials stated the decision was unanimous, with more rate hikes likely soon to bring inflation under control. Global stock indices, such as South Korea's Kospi, Japan's Nikkei 225, and Topix, also opened higher. Meanwhile, Wall Street ended lower following the Fed's announcement.",
  "summary": "Major Singapore Reits open slightly up or flat; broader market posts gains",
  "key_points": [
    "Asia markets, including Singapore, opened higher after U.S. Fed rate hike",
    "STI, Singapore's key index, gained 0.4% in first five minutes",
    "Fed's decision marks first rate hike since 2023 to combat inflation"
  ],
  "editors_take": "The muted response in Asia markets to the US Fed rate hike suggests investors are sanguine about the region's prospects, with most sectors, including banks, opening higher despite initial losses in REITs.",
  "illustration": "https://urgent.news/ill/7921298.png",
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Stocks almost flat late Thu. morning after Fed rate hike",
        "url": "https://urgent.news/2026/09/17/stocks-almost-flat-late-thu-morning-after-fed-rate-hike",
        "published": "2026-09-17T02:22:20.000Z"
      },
      {
        "outlet": "Business Standard IN",
        "title": "Stock Market LIVE: GIFT Nifty signals negative open; Asia mkts mixed post US Fed's rate hike",
        "url": "https://urgent.news/2026/09/17/stock-market-live-gift-nifty-signals-negative-open-asia-mkts-mixed",
        "published": "2026-09-17T02:32:52.000Z"
      },
      {
        "outlet": "The Mainichi",
        "title": "Tokyo stocks rise after Fed's rate hike eases economic outlook concerns",
        "url": "https://urgent.news/2026/09/17/tokyo-stocks-rise-after-feds-rate-hike-eases-economic-outlook-concerns",
        "published": "2026-09-17T03:16:36.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}