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STI up 1.6% on bullish US data, N Korea

Investors cheer strong US jobs growth, slower-than-expected wage inflation and easing Washington-Pyongyang tensions

Anita Gabriel

Published Mon, Mar 12, 2018 · 09:50 PM

IT wasn't quite rocket science to predict that share prices in the local bourse would climb on Monday after strong gains on Wall Street last Friday as traders embraced upbeat jobs data in the world's largest economy and were only too eager to forget - if only temporarily - fears of more aggressive rate hikes and potential trade wars.

The benchmark Straits Times Index rose 55 points or 1.6 per cent to finis…