Welcome to this week’s edition of stock market highlights where we bring you snippets of information from news events and corporate announcements. Singapore REITs crash The Singapore REIT (S-REIT) sector has been under pressure this year due to a combination of high inflation and rising interest rates. The US Federal Reserve recently raised its benchmark policy rate by 0.75 percentage points, the third consecutive round of increases of this magnitude. The US policy rate now stands in the range of between 3% and 3.25%, and Federal Reserve chairman Jerome Powell has reiterated the central bank’s tough stance of raising rates further to quell inflation and bring it back to 2%. As a result of this hawkish tone, many REITs have plunged to their 52-week lows. Data centre REIT Keppel DC REIT (SGX: AJBU) hit a year-low of S$1.64, down 33.6%. REITs with foreign properties, such as Elite Commercial REIT (SGX: MXNU) and Prime US REIT (SGX: OXMU) have also plunged by 40.5% and 31.3%, respectively, to their 52-week lows....