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Asia markets close higher on positive signs

Investors buoyed by US suspending Mexico tariff plan, Fed rate cut hopes and better-than-expected key Chinese trade data

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Published Mon, Jun 10, 2019 · 09:50 PM
Rebound

RISK-ON sentiment in the region was alive and kicking on Monday with the local market being no exception.

Singapore's Straits Times Index (STI) closed at 3,188.11, up 21.82 points or 0.7 per cent.

Investors were buoyed by US President Donald Trump suspending tariff plans on Mexico, weak US job data on Friday that raised the possibility of US Federal Reserve rate cuts and Chinese export data coming in above expectations.

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