The index of Singapore drops by 0.4%, while major banks see losses. The decline in the Straits Times index is occurring despite investors continuing to closely watch the US Federal Reserve's interest rate decision on October 28th. Contrary to overall market performance, losses exceed gains with a difference of 198 to 410. This trend has been further exacerbated by high transaction volumes across various sectors, including the iEdge Singapore Next 50 Index where Keppel Reit saw an increase of 1.3% or $0.01 at $0.795, whereas AEM SGD experienced a decrease of 6.3% or $0.55 at $8.24. On a broader scale, large players such as DBS, OCBC, and UOB have significantly decreased, with DBS losing 0.1%, OCBC recording a drop of 0.3%, and UOB experiencing a loss of 0.3%.

The most active shareholder by volume was Key Capital with 88.7 million shares changing hands. In terms of value, DBS was the most volatile share, with a transaction volume of 3.5 million shares and a market capitalization of $259.3 million. Across the region, the Hong Kong Hang Seng Index shed 3% on Thursday, while the Nikkei 225 in Japan dropped 2.7%, the Kospi in South Korea declined 3%, and the FTSE Bursa Malaysia KLCI rose 0.4%. Looking ahead to the upcoming meeting of the US Federal Reserve scheduled for October 28th, analysts expect that the Fed will maintain current taxes but indicate that it may be possible to increase them further in December. This article has been written using artificial intelligence and verified through fact-checking.

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For CGS International Analyst Chan Wai Mei, the Federal Reserve is expected to keep its current interest rate levels unchanged during its next meeting, despite noting that U. S. Treasury yields have reached near-cyclical highs, indicating tighter financial conditions.