Singapore stocks extend gains as Asian markets rebound

THE Straits Times Index (STI) rose 1.4 per cent or 45.35 points to close at 3,240.73 points on Thursday (Mar 10), buoyed by a rebound in Asian markets.

Japan's Nikkei jumped 3.9 per cent - its biggest increase in nearly 21 months. South Korea's Kospi, Hong Kong's Hang Seng and the FTSE Bursa Malaysia KLCI gained between 1.2 and 2.2 per cent.

IG market strategist Yeap Jun Rong said: "The rebound in global equities is clearly playing out into today's Asia session as well, riding on a relief rally brought about by hopes of conflict de-escalation."