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Singapore: Shares open higher after Wall Street surges

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SINGAPORE share prices opened higher on Friday with the Straits Times Index up 0.01 point to 3,373.61 points at 9.11am. 

This was on the back of Wall Street stocks snapping a two-day losing streak. Wall Street stocks surged after big US banks cleared Federal Reserve stress tests and the dollar retreated from a 12-year high.

The Dow Jones Industrial Average surged 259.83 points (1.47 per cent) to 17,895.22. The broad-based S&P 500 jumped 25.71 (1.26 per cent) to 2,065.95, while the tech-rich Nasdaq Composite Index rose 43.35 (0.89 per cent) to 4,893.29.

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