Singapore shares build on Monday's rally
Straits Times Index gains 29.27 points or 0.9 per cent to close at 3,279.78, the highest closing level in 2019 so far
THE positive start to the second quarter in equity markets continued to gain steam for investors in Asia.
IG market strategist Pan Jingyi acknowledged that the synchronised manufacturing surprises out of China and the US on Monday drove risk-on sentiment higher.
Growing optimism over US-China trade talks and cheap borrowing costs were also boons to investors as recent worries surrounding slowing global economic growth appear quashed, albeit temporarily.
On the buoyant mood that greeted the start of Q2, FXTM chief market strategist Hussein Sayed noted that investors have "found fresh reasons to continue buying risk asse…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Singapore stocks climb at Wednesday’s open; STI up 0.4%
China knockoff raid jolts a global throng of fake-fashion influencers
Singapore-based Amazon execs feel the brunt of job cuts
MPACT posts 1.8% higher Q4 DPU of S$0.0229
Stocks to watch: MPACT, CapitaLand Ascott Trust, Hotel Properties, OUE Reit, CLCT
CapitaLand China Trust posts 7.7% drop in Q1 NPI to 313.1 million yuan