Fed minutes spur bargain hunting

But there is a risk that the market may not be listening hard enough to the Fed hawks

DOVISH minutes released overnight from the US Federal Reserve's September meeting gave bargain hunters the signal that they needed to rescue Singapore stocks on Thursday from a five-month low.

The blue chip-dominated Straits Times Index rose 1.01 per cent, or 32.54 points, to close at 3,259.25 and ending a three-day losing streak.

Trading activity was mixed. A total of 1.2 billion shares changed hands, just over half of the year-to-date daily average volume of 2.2 billion shares. But the value of the...

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