Banking trio ends lower, weighing on STI
Singapore shares ended mixed on January 26, with the Straits Times Index (STI) falling 0.6% to 4,860.93, driven by declines in all three major banks: UOB (-2.5%), OCBC (-1.2%), and DBS (-0.6%). The iEdge Singapore Next 50 Index rose 0.6% to 1,496.17, led by Food Empire, which reached a 52-week high. Pawnbrokers and gold stocks gained as gold prices surged past US$5,000 an ounce, influenced by geopolitical tensions and a weaker US dollar. Investors are awaiting the US Federal Reserve's interest rate decision this week.
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