SUBSCRIBERS

Singapore shares soar on optimism over reopening of economies

STI rises 60.77 points to 2,611.63, with top performers SIA and SATS each gaining 5.9%.

Claudia Tan HS

Published Tue, Jun 2, 2020 · 09:50 PM

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

SINGAPORE shares ended the day higher on Tuesday, with the Straits Times Index (STI) advancing 2.4 per cent or 60.77 points to 2,611.63.

This comes as the city-state's circuit-breaker period ended the day before, and more businesses and activities are progressively allowed. The gains also tracked overnight rallies on Wall Street and Europe.

Gainers outnumbered losers 321 to 136 after two billion shares worth S$2.03 billion changed hands.

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.