新加坡基准股票指数一度下跌3.2%，报5,428.65点。

France-Germany 10-year government bond yield spread widened 13 bps to above 140 bps.

Investors will parse the upcoming FOMC minutes for insight into decisionmakers' thinking around last month's hike. BMO strategist Ian Lingen said a prevalent market view before the meeting was that Fed Chair KEVIN WARSH raised rates primarily to defend policy credibility rather than in response to incoming data. The extent to which the C.BANK discussed a 'credibility hike' framework will be closely watched; greater discussion would imply a more gradual forward path, aligning with Williams' recent remarks. Markets will also focus on how the FOMC assesses the risk balance between achieving full employment and price stability — information that bears directly on the Fed's willingness to keep tightening versus treating September as a one-off action.