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STI ends week on upbeat note

Anita Gabriel
Published Fri, Apr 13, 2018 · 09:50 PM

THE Singapore bourse bounced back on Friday after snapping a five-day winning streak the day before, inspired by Wall Street's solid overnight showing and encouraging domestic growth data. The key Straits Times Index advanced 32.7 points or 0.9 per cent to finish at 3,501.3 on Friday. Week-on-week, the index is up 59 points or 1.7 per cent after it closed in positive territory in all but one session this week.

Other major Asian bourses closed mixed following the sharp rise in US stocks amid easing of US-China trade tensions and geopolitical concerns. News that US President Donald Trump may consider rejoining the controversial Trans-Pacific Partnership trade pact gave market sentiment a further lift. Key indices in Japan, South Korea, Australia and Taiw…

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