Singapore\u2019s economy grows 4.3% in second quarter, beating expectations<\/p>\n
Singapore’s economy grew at 4.3% year over year in the second quarter of the year, accelerating from 3.9% in the first quarter and beating expectations.<\/p>\n
The advance figure was higher than the 3.5% forecasted by Reuters.<\/p>\n
On a quarter-on-quarter basis, Singapore’s GDP grew by 1.4%, a turnaround from the 0.5% contraction last quarter.<\/p>\n
Read the full story, here<\/a>.<\/p>\n \u2014 Lim Hui Jie<\/p>\n Asia-Pacific markets open mixed<\/p>\n Asia-Pacific markets started the day mixed Monday.<\/p>\n As of 8.10 a.m. Singapore time, Japan’s Nikkei 225<\/a> benchmark lost 0.33% while the broader Topix index ticked down 0.21%.<\/p>\n In South Korea, the\u00a0Kospi<\/a>\u00a0index was up 0.22% while the small-cap Kosdaq moved up 0.19%.<\/p>\n Over in Australia, the\u00a0S&P\/ASX 200<\/a> benchmark was down 0.1%.<\/p>\n \u2014 Amala Balakrishner<\/p>\n Here are the opening calls for the day<\/p>\n Good morning from Singapore.<\/p>\n Investors will be keeping a close watch on a slew of data points today, including India’s inflation reading for June and Singapore’s second quarter growth rate.<\/p>\n Economists polled by Reuters expect India’s consumer price inflation reading to come in at 2.5% year on year, from 2.82% the month before.<\/p>\n Meanwhile, Singapore’s economy is forecast to grow by 3.5% year on year in the second quarter, compared to 3.9% in the previous quarter.<\/p>\n Japan’s benchmark\u00a0Nikkei 225<\/a>\u00a0was set to open lower, with the futures contract in Chicago at 39,345 while its counterpart in Osaka last traded at 39,500, against the index’s Friday close of 39,569.68.<\/p>\n Futures for Hong Kong’s\u00a0Hang Seng index<\/a>\u00a0stood at 24,088, pointing to a weaker open compared to the HSI’s last close of 24,139.57.<\/p>\n Australia’s\u00a0S&P\/ASX 200<\/a>\u00a0was also set to start the day lower with futures tied to the benchmark at 8,548, compared with its last close of 8,580.10.<\/p>\n \u2014 Amala Balakrishner<\/p>\n U.S. futures slip after Trump announces 30% tariffs on the EU and Mexico<\/p>\n Fri, Jul 11 20254:08 PM EDT<\/p>\n Major averages all close week lower<\/p>\n The major stock averages all fell on Friday, closing lower for the week.<\/p>\n On Friday, the Dow Jones Industrial Average<\/a> lost 279.13 points, or 0.63%, and ended at 44,371.51. The S&P 500<\/a> shed 0.33%, finishing at 6,259.75, while the Nasdaq Composite<\/a> shed 0.22% to settle at 20,585.53.<\/p>\n \u2014 Lisa Kailai Han<\/p>\n","protected":false},"excerpt":{"rendered":"Singapore\u2019s economy grows 4.3% in second quarter, beating expectations Singapore’s economy grew at 4.3% year over year in…\n","protected":false},"author":2,"featured_media":7892,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[8074,8073,1246,8067,8072,116,28,122,1072,120,8069,1051,8070,8065,7174,112,121,7173,3487,1052,117,8071,4633,8064,8068,6990,8066],"class_list":["post-7891","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-arm-holdings-plc","tag-asia-economy","tag-australia","tag-australian-dollar-us-dollar-fx-spot-rate","tag-breaking-news-asia","tag-breaking-news-markets","tag-business","tag-business-news","tag-donald-j-trump","tag-dow-jones-industrial-average","tag-dxy-us-dollar-currency-index","tag-economic-events","tag-hang-seng-index","tag-ice-brent-crude-apr23","tag-kospi-index","tag-markets","tag-nasdaq-composite","tag-nikkei-225-index","tag-nvidia-corp","tag-prices","tag-sp-500-index","tag-sp-asx-200","tag-shanghai","tag-shenzhen-component-index","tag-usd-jpy","tag-world-markets","tag-wti-crude-mar23"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/7891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=7891"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/7891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/7892"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=7891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=7891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=7891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}