You are here

STOCKS

STI ends losing streak to close 1.3% up

Last Friday's gains on Wall Street and the expectation of a postponement of a Fed rate hike buoy trading sentiment

37576073 - 26_02_2016 - gcbridge27.jpg

THE local bourse's key index broke a losing streak that had lasted more than two weeks on Monday, buoyed by Friday's gains on Wall Street after latest data on slowing US job growth reduced expectations of a June rate hike by the US Federal Reserve.

The benchmark Straits Times Index (STI)