Markets perk up as trade tensions ease
Local tech stocks upbeat after Feb factory data, but investors hesitate on ComfortDelGro amid planned Grab-Uber merger
EASING trade war tensions salved Singapore shares on Tuesday, as the benchmark Straits Times Index (STI) broke out of a four-day losing streak.
It gained 26.89 points, or 0.79 per cent, to close at 3,439.35, with the needle hovering fairly steadily through the session around an intra-day average of 3,432.18 points.
Technology and manufacturing stocks also started to feel an uplift from the February industrial production numbers out on Monday. Electronics provider Venture Corporation was among the day's top gainers, putting on S$0.58, or 2.08 per cent, to S$28.43.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly
HCA beats first-quarter profit estimates on higher patient admissions
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years