Positive China data, Dow gains help fuel STI's 34-point advance

Most of the 30 index constituents finished in the black; only two Mapletree Logistics Trust and SGX ended flat.

Published Thu, Oct 1, 2020 · 09:50 PM

THE Straits Times Index (STI) rose 34.12 points or 1.38 per cent to 2,500.74 on Thursday, buoyed by optimistic data releases such as a modest improvement in August's international visitor numbers in Singapore, and Chinese official Purchasing Manager's Index numbers, which topped consensus expectations in September.

Over Wednesday night on Wall Street, equities also rose on hopes hinged on the US Treasury Secretary Steven Mnuchin saying they will go for "one more serious try" on a fiscal stimulus deal.

On the Singapore bourse on Thursday, about 1.1 billion shares worth S$918.8 million changed hands.

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