EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Russia Stocks End Flat as Energy Shares Support MOEX Index 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
Industrial production in Singapore rose during the month of September, beating market expectations and led by solid increases in electronics and pharmaceuticals output.
Singapore’s manufacturing output rose 6.7 percent from a year earlier in September, data released by the Singapore Economic Development Board showed Wednesday. The median forecast in a Reuters survey was for an expansion of 0.6 percent.
On a month-on-month and seasonally adjusted basis, factory output grew 3.3 percent in September, defying expectations of a contraction of 2.6 percent. The 6.7 per cent growth comes in the wake of a 0.5 per cent year-on-year growth in August and a 3.4 per cent year-on-year contraction in July.
"It remains to be seen whether Sept firm industrial production print (particularly electronics) can hold up in the absence of a sustained pick up in G3 capex once the regional tech impulse (from the recent smartphone launches) fade," said Weiwen Ng, Economist, ANZ Research.
Meanwhile, given the still-subdued external outlook, today's strong industrial production print can be seen as an aberration, rather than a precursor of firmer prints ahead, he added.
