Singapore stocks are likely to come under pressure on Thursday, after Federal Reserve Chairman Ben Bernanke’s dour assessment of the US recovery sent shares on Wall Street reeling overnight.
Singapore’s benchmark Straits Times Index (.FTSTI) fell 0.76% on Wednesday to 2,926.09 points.
Neptune Orient Lines (NEPS.SI), the world’s fourth-largest container shipping firm, has placed an order with Daewoo Shipbuilding & Marine Engineering (042660.KS) for new container ships worth US$1.2 billion ($1.65 billion).
