Feel-good factor sends STI up 11 points
Gains fuelled by Wall Street's strong showing after Trump hinted at tax cuts, infrastructure spending
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THE colour green swooshed across all major Asian stock markets on Monday buoyed by a culmination of factors including rosy economic data, with Singapore's benchmark index resolutely logging another 52-week high, continuing its upbeat ascent of the previous week.
The Straits Times Index rose 11.24 points or 0.4 per cent to 3,111.63 on commendable turnover of 3.3 billion shares worth S$1.3 billion.
Other regional markets didn't fare too shabbily either with Japan's Nikkei 225 up 0.4 per cent. The country released data that showed its economy grew at an annualised pace of one per cent in the final quarter of 2016 which was broadly in line with analysts' expectations of a 1.1 per cent uptick.
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