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US dollar continues to fall, Indonesian shares in turmoil, STI gets close to 5,000 points

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Market news for January 29, 2026: US Fed holds rates steady, sees ‘elevated’ inflation and stabilising job market; US dollar falls, Korean won rallies; Indonesia shares hit by second trading halt after MSCI flags transparency concerns; STI could hit as high as 6,500 on extended rally, says JPMorgan

Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.

Written by: Emily Liu (emilyliu@sph.com.sg)

Produced and edited by: Chai Pei Chieh & Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

Produced with AI text-to-speech capabilities

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BT Market Focus

Market Focus Daily is a closing bell look at markets and the news that drove its movements-every tra 
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