Markets rise as US-Iran worries recede
Shares buffeted by global economic recovery, accommodative monetary policy
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE equities along with their regional counterparts reversed Monday's losses, and prices of both gold and oil pulled back as fears of reprisal by Tehran over a US airstrike killing a top Iranian general in Baghdad temporarily receded.
"It's called Turnaround Tuesday for a reason," AxiTrader chief Asia market strategist Stephen Innes said of the recovery seen in the region's markets.
The local benchmark Straits Times Index jumped at the opening bell before holding relatively steady until the end of the session. The blue-chip index closed at 3,247.86, after an advance of 29 points or 0.9 per cent.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
