Singapore stocks open higher even as US dollar continues to appreciate

SINGAPORE stocks opened higher on Tuesday even as the US dollar continued to appreciate against the Japanese yen and the Chinese yuan ahead of a coming rate hike. But there was no direction from the US and the UK markets, which were closed for holidays on Monday.

Singapore's benchmark Straits Times Index opened 18.18 points higher to 2,814.93 at 9.06am, up 0.65 per cent, with 98 million shares worth S$186 million traded. Gainers outnumbered losers 100 to 37.

Top stocks by value traded were DBS, Singtel, OCBC, UOB, and China Merchants Holdings (Pacific).