Singapore shares buck regional trend, STI up 0.12%

SINGAPORE shares were pushed into positive territory on Tuesday (Mar 15), bucking the broad-market trend as the lockdown of tech hub Shenzhen, Russia-Ukraine tensions and upcoming United States Federal Reserve policy announcement weigh on sentiments.

The Straits Times Index (STI) rose 0.12 per cent or 4.01 points to 3,236.04, led by gains from local banks.

Elsewhere in the region, Hong Kong tech companies led another sharp equity sell-off following the lockdown of Shenzhen. The Hang Seng Index ended the day 5.72 per cent lower. South Korea's Kospi slipped 0.91 per cent; the Kuala Lumpur Composite Index was down 0.64 per cent while the Jakarta Composite Index dipped 0.49 per cent.