U.S. stocks stopped falling and rebounded on Wednesday (March 12). However, the escalating tariff war between US President Trump still puts pressure on the market.

The US Department of Labor's Consumer Price Index (CPI) for February earlier rose 2.8% year-on-year, lower than market expectations. This data eases market concerns about accelerated inflation while strengthening investors' expectations that the Fed may cut interest rates this year.

In terms of stock indexes, the Dow Jones Industrial Average fell 0.2%, the S&P 500 rose 0.5%, and the Nasdaq Composite rose 1.1%.

The market is also paying attention to Washington's fiscal trends. The U.S. Congress is still discussing the interim appropriations bill to avoid a government shutdown, increasing market uncertainty.

As the market's concerns about the US economic recession eased to a certain extent, my country's stock market rebounded. The Singapore Straits Times index rose 0.19% or 7.24 points on Wednesday to close at 3833.07 points.

Here are the stocks to watch on Thursday (13th):

1. Construction company Keong Hong Holdings issued an announcement before the market opened on Thursday stating that the company has recorded pre-tax losses for three consecutive fiscal years and may face the risk of being included in the watch list by the SGX. The announcement said that Qiangfeng Holdings recorded pre-tax losses in the last three full fiscal years, and its average daily market value in the past six months was 22.9 million yuan, lower than the 40 million yuan threshold stipulated by the SGX.

2. Urban Development (CDL) Executive Chairman Guo Lingming decided to terminate the previous legal actions against his eldest son, Group Executive Chairman Guo Yizhi. “I have decided to terminate the legal action taken against the board's February 7 resolution,” Guo Lingming said in a statement issued Wednesday night.

He made this statement on behalf of the Board of Directors. He also said that he would continue to serve as the group's executive chairman, and Guo Yizhi would continue to serve as president, and all existing directors, including two new directors, will also remain. After the family's “power seizure” broke out on February 26, the group's stock price once fell to its lowest point since 2009.

3. After the market closed on Wednesday, Boustead Singapore announced that it will jointly establish a pan-Asian logistics real estate development, investment and fund management platform with Hong Kong real estate company Unified Industrial, named UIB. This platform will combine the business foundations of both parties in North Asia and ASEAN, focusing on high-growth areas such as logistics facilities and data centers. The total value of assets managed by the platform is expected to reach US$3.5 billion (S$4.66 billion), covering assets in Japan, China, Singapore and Vietnam.

4. Food company Del Monte Pacific announced its results after the market closed on Wednesday. The company's net loss expanded to $35.9 million in the third quarter as of the end of January, and it lost $29 million in the same quarter a year ago. The Group's third-quarter revenue increased by 2.5% year-on-year to US$663 million.