STI rises 1%, closing above 3,500 points again
IN a day where Hong Kong and Taiwan markets rebounded, Singapore's benchmark Straits Times Index (STI) easily regained its 3,500-point perch, less than three weeks after dropping below that level in an earlier correction.
By the close of trading on Wednesday, the STI was trading at 3,516.23, up 39.7 points or 1.1 per cent.
Banks, property, industrial and manufacturing stocks all contributed to the gains, even as European stocks opened lower.
Some 1.9 billion shares worth S$1.6 billion changed hands.
Winners outnumbered losers 278 to 157.
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
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Japan’s Sumitomo Corp net profit down 32% on Madagascar one-off loss
Hong Kong regulator brings insider trading charges against Segantii and its founder
Asia markets mixed after Fed leaves rates unchanged; STI rises 0.1%
Asia: Stocks rise as Federal Reserve tamps down hike fears; yen leaps
Japanese companies struggle with yen’s continued weakness