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Singapore shares open higher on Monday

SINGAPORE shares opened marginally higher on Monday, buoyed by a run-up on Wall Street last Friday on blow-out earnings from Amazon and other tech giants.

At 9.02am, the Singapore benchmark index, Straits Times Index, was up 2.27 points or 0.07 per cent at 3,388.71.

Some 74.1 million shares were traded for S$106.1 million. Gainers outpaced losers 120 to 46.

On Wall Street last Friday, the Nasdaq and S&P 500 powered to fresh records, with the tech-rich Nasdaq Composite Index jumping 2.2 per cent to 6,701.26. The broad-based S&P 500 rose 0.8 per cent to 2,581.07, also a finishing record, while the Dow Jones Industrial Average gained 0.1 per cent to 23,434.19.

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