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STI rises as traders keep eye on trade war
Straits Times Index mirrors gains in key regional indices, climbing 7.5 points or 0.2% to finish at 3,449.96
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Published Mon, Apr 9, 2018 · 09:50 PM
SHARE prices in the Singapore bourse shrugged off last Friday's steep losses in Wall Street with the key Straits Times Index (STI) advancing 7.5 points or 0.2 per cent to finish at 3,449.96 on Monday.
The gains in the local bourse unfolded alongside across-the-board rises in other key regional indices including those of China, Japan, Hong Kong, Australia and Malaysia.
Last Friday's over 2 per cent drop in the three key US stock indices - one of the biggest single-day losses this year - was led by concerns over the US-China tug-of-trade-war and misses in March payrolls data out of the US.
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