SUBSCRIBERS

Singapore shares climb on the back of a strong rally in Hong Kong

The Straits Times Index's performance is in line with rebounding Asian markets.

Claudia Tan HS

Published Mon, Jun 1, 2020 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

THE Straits Times Index (STI) ended Monday up 40.11 points or 1.6 per cent at 2,550.86 points.

The STI's performance was in line with Asian markets, particularly Hong Kong, which rebounded after US President Donald Trump avoided pulling out of the United States-China phase one trade agreement signed in January.

Said IG market strategist Pan Jingyi: "The highly anticipated Friday announcement from President Donald Trump yielded less aggravating than expected treatments, providing temporary relief for Asia."

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Copyright SPH Media. All rights reserved.