Singapore shares were closed in late Wednesday trading after Wall Street spent the day underwater following overnight losses.

Stronger-than-expected jobs data from the world's largest economy dashed hopes for a slower pivot from the US Federal Reserve at its latest meeting.

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The Straits Times index rose 10.63 points, or 0.3 percent, to 3,141.13, posting a seventh straight day of gains

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However, for much of the day, it looked as if its six-day rally had run out of steam as caution was in the air ahead of the Fed rate hike outcome.

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Japan posted losses, while most major regional exchanges - from Hong Kong, China and Taiwan to Malaysia, South Korea and Australia - posted gains

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Market players relied "heavily" on U.S. labor market data to ease inflationary pressures,

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but hopes of a pause on aggressive rate hikes softened in December, along with strong demand for job openings.

That's because the strong numbers could give the Fed more ammunition to stay on a hawkish course

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Philip Securities said in a note on Wednesday

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Singapore shares were closed in late Wednesday trading after Wall Street spent the day underwater following overnight losses.

image source google

Stronger-than-expected jobs data from the world's largest economy dashed hopes for a slower pivot from the US Federal Reserve at its latest meeting.

image source google

The Straits Times index rose 10.63 points, or 0.3 percent, to 3,141.13, posting a seventh straight day of gains

image source google

However, for much of the day, it looked as if its six-day rally had run out of steam as caution was in the air ahead of the Fed rate hike outcome.

image source google

Japan posted losses, while most major regional exchanges - from Hong Kong, China and Taiwan to Malaysia, South Korea and Australia - posted gains

image source google

Market players relied "heavily" on U.S. labor market data to ease inflationary pressures,

image source google

but hopes of a pause on aggressive rate hikes softened in December, along with strong demand for job openings.

image source google

That's because the strong numbers could give the Fed more ammunition to stay on a hawkish course

image source google

Philip Securities said in a note on Wednesday

image source google