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Singapore: STI up 16.70 points ahead of Fed meeting

SINGAPORE share prices opened higher on Tuesday with the Straits Times Index (STI) up 16.70 points to 3,392.74 as at 9.02am, as US stocks gained on Monday ahead of the Federal Reserve meeting.

Top gainers at the market's opening include DBS, UOB and Singapore Exchange.

Meanwhile, shares of Singapore Airlines shed seven Singapore cents to S$11.96 after the airline confirmed that it has been in discussions to purchase a stake in South Korea's Jeju Air. The stock was among the top losers in early-morning trading.

Some 67.4 million shares worth S$85.9 million changed hands as at 9.02am on Tuesday, with gainers outnumbering losers 101 to 44.