STI jumps 1.12% on bargain hunting after recent falls

SINGAPORE shares rose on Tuesday (Mar 1)with the key gauge on a roller coaster since Russia's invasion of Ukraine.

The key Straits Times Index rose 36.39 points or 1.12 per cent to 3,278.63, partly led by bargain hunting as value emerged from recent falls on the back of the geopolitical tensions. The index tumbled 1.6 per cent on Monday as the US and EU slapped more sanctions on Russia.

Upbeat manufacturing data out of China and key South-east Asian economies helped lift trading sentiments. Key equity gauges across the region except for Malaysia posted gains.