Singapore stocks slip 0.6% after record high as traders await U.S. inflation data

Singapore stocks fell 36 points, or 0.6%, to 5,718 in Wednesday morning trade as investors took profits after the Straits Times Index reached a record high and closed at 5,754 on Tuesday. The earlier rally had seen the benchmark up 47 points, or 0.8%, to 5,745 around noon, supported by a revision of Singapore's Q2 GDP growth to 5.9% from 5.7%, aided by AI-related demand, though slower than Q1's 6.3%. Sentiment later weakened with Wall Street, rising oil prices and technology-sector softness feeding inflation and rate concerns ahead of U.S. inflation data, while fresh domestic figures on a wider Q2 current account surplus helped limit the decline.

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