• Tue. May 21st, 2024

Slowdown in Manufacturing Drags Down Singapore’s Economic Growth Below Expectations

BySamantha Johnson

Apr 12, 2024
Slowdown in Manufacturing Drags Down Singapore’s Economic Growth Below Expectations

Japan’s stock markets started the day on a positive note, following the upward trend in US markets. The country’s benchmark Topix experienced a 0.6 per cent increase in early trading, making it the top-performing stock market in the Asia-Pacific region. The real estate sector stood out as the strongest performer, with a significant 4.2 per cent increase.

In contrast, the yen continued to weaken against the dollar, dropping by 0.15 per cent to ¥153.04. Despite indications from officials that the government was prepared to intervene, the yen’s decline persisted. Meanwhile, the price of gold reached a new all-time high, rising by 0.6 per cent to $2,387.85 per troy ounce.

The surge in gold prices can be attributed to stronger-than-expected US inflation data, which has sparked a rally in the precious metal. Investors often turn to gold as a safe-haven asset during times of inflation and economic uncertainty. As a result, gold has seen increased demand and value, making it an attractive investment option for many.

By Samantha Johnson

As a content writer at newszkz.com, I delve into the realms of storytelling, blending words to paint vivid narratives that captivate and inform our readers. With a keen eye for detail and a passion for research, I craft compelling articles that resonate with our audience. My love for words drives me to explore diverse topics, ensuring that each piece I create not only educates but also entertains. Join me on this journey as we navigate the ever-evolving landscapes of news and knowledge together.

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