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Expectations of strong earnings power STI past 3,500 points

The market last traded above 3,500 briefly in April 2015 and in 2007; the three local banks are the star performers

Kenneth Tang of Nikko Asset Management attributes the market optimism to the manufacturing data this year showing that the global industrial recovery is still on track.


POWERED by expectations of higher corporate earnings, Singapore's benchmark Straits Times Index (STI) has returned to rarefied levels of more than 3,500 points.

Thursday's close of 3,501.16 points means the STI has added nearly 100 points...