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The SSE Composite Index edged down by 0.01% as China’s major indices saw mixed performances, with the Shenzhen Component Index rising 1.02% amid a cautious trading environment.
The session began with a hawkish tone from Ueda during parliamentary testimony, where he hinted at possible future interest rate hikes if inflation continues to rise.
The downturn was significantly influenced by a notable drop in Singapore Airlines (SIA) shares, which fell sharply following the airline's weaker-than-expected quarterly earnings report. The decline in SIA's stock price not only weighed heavily on the broader index but also reflected broader concerns about the airline sector's recovery trajectory amid persistent economic uncertainties.
Russia suspends gasoline export ban to stabilize energy markets. Decision signals flexibility support global stability.