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Singapore shares surge on upbeat expectations

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SINGAPORE shares advanced on Thursday, buoyed by fresh record highs on Wall Street and expectations that the US Federal Reserve will lift interest rates next month.

SINGAPORE shares advanced on Thursday, buoyed by fresh record highs on Wall Street and expectations that the US Federal Reserve will lift interest rates next month.

The key Straits Times Index (STI) ended the day up 13.71 points or 0.44 per cent at 3,136.48.

Some 2.8 billion units worth S$1.8 billion were traded, but the broader market remained mixed with 245 counters up and 239 down.

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