Singapore shares set to snap 2 weeks of losses
SINGAPORE (Reuters) - Singapore shares were poised to snap a two-week losing streak, encouraged by the United States Federal Reserve's decision to keep interest rates low as it begins to trim its bond-buying programme, while trading was weak ahead of year-end holidays.
The benchmark Straits Times Index was up 0.3 per cent at 3,079.35 by midday in thin trading, on track for a 0.4 per cent weekly rise.
Nearly 70 million shares were traded, just below a third of its average 30-day full-day volume.
The MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 per cent.