Correction: Singapore Shares Closed Wednesday in the Green Ahead of the US Federal Reserve Policy Decision
(Corrects the highest and lowest ranges of the STI Index since the indices reported global interruption, which impacted the accuracy from their service provider)Singapore shares remained in the green zone on Wednesday, tracking broader regional gains as investors awaited the US Federal Reserve's upcoming policy decision under chairman Kevin Warsh.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,140.77 and 5,194.908 throughout the day. It ended the session at 5,176.46, up 59.60 points or 1.2% compared to Tuesday's close.In economic news, Singapore's non-oil domestic exports (NODX) jumped 38.4% year over year in May, quickening from the 24.4% increase in April, according to government data.Meanwhile, Singapore's merchandise trade surplus contracted to SG$5.57 billion in May from SG$13.1 billion in the prior month, according to data from Enterprise Singapore.On the corporate front, shares of Keppel (SGX:BN4) rose over 1% at the close as it signed an indefeasible right of use agreement with an unnamed global technology company for the fourth of its five available fiber pairs on the Bifrost subsea cable system.Accrelist (SGX:QZG) closed nearly 2% lower as it signed a non-binding term sheet to acquire a 51% stake in a Chinese medical aesthetics business for 10.2 million yuan.
