Singapore banks rise in mixed day on STI

INVESTORS both in Singapore and the region had to contend with US 10-year Treasury yields hitting a more than two-week high as well as a disappointing factory reading from China - resulting in a mixed session in Asia.

Singapore's Straits Times Index (STI) managed to notch up gains after closing flat on Monday. The benchmark added 9.38 points or 0.3 per cent to finish at 3,155.71 on Tuesday.

Elsewhere in the Asia-Pacific, Australia, China and Malaysia ended lower. Japan and South Korea were higher while Hong Kong closed flat.