Singapore shares open higher on Friday; STI up 0.3%
SINGAPORE stocks opened higher on Friday, with the Straits Times Index gaining 12.09 points, or 0.3 per cent to 3,492.53 as at 9.01am.
This came after US stocks closed higher overnight, on news that US President Donald Trump seems to be softening his stance on trade tariffs.
On the Singapore bourse, about 34.7 million shares worth S$73 million changed hands.
Gainers outnumbered losers 94 to 26.
The most actively traded counters were Genting Singapore, which was flat at S$1.13 with 2.8 million shares traded; and Courts Asia, which was flat at S$0.28 with 1.98 million shares traded.
Other active index stocks included Jardine Cycle & Carriage, which was up 0.8 per cent to S$36.18; and Singtel which was up 0.6 per cent to S$3.37.
Elsewhere in Asia, stocks in South Korea and Japan also rallied on the prospect of a Trump-Kim meeting, as North Korean leader Kim Jong-un offered to stop nuclear testing, and arrange a meeting with Mr Trump.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Asia: Markets rise as traders consider US rate outlook
China reiterates need for steady yuan amid fragile confidence
Singapore shares climb at Thursday’s open; STI up 0.3%
Stocks to watch: CDL, DFI Retail Group, Cordlife, First Resources
US: Wall Street slips as dour earnings, chip stocks weigh
Europe: Adidas, LVMH steer shares higher on earnings relief