Singapore stocks showed strong performance on Wednesday—STI climbed 1%

Singapore stocks showed strong performance on Wednesday morning, July 3, following a mixed session for global markets overnight.

In the broader market, there were 66 gainers compared to 22 losers, as 36.9 million securities valued at S$76.5 million were traded. On the flip side, .The three major local banks continued their upward trend, building on record highs from the previous day. DBS rose by S$0.59, or 1.6%, to S$37.69.In the United States, major indices were lifted by positive comments from Federal Reserve Chair Jerome Powell, which boosted expectations for interest rate cuts.The tech-heavy Nasdaq Composite Index also rose by 0.8% to 18,028.76. The Dow Jones Industrial Average saw a smaller gain of 0.4%, closing at 39,331.85.

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