Singapore stocks end higher amid mixed regional showing
SATS is STI's top gainer while Jardine Matheson finishes at the bottom.
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SINGAPORE shares closed higher on Monday (Mar 28) amid a mixed showing in the region, with the Straits Times Index (STI) climbing 0.5 per cent or 18.3 points to end at 3,431.99.
Gainers beat losers 271 to 176, with 1.83 billion shares worth S$1.42 billion changing hands.
But a worsening Covid-19 situation in China and wider restrictions there could bring "serious headwinds" for Asian equities as a whole, cautioned Oanda senior analyst Jeffrey Halley. Chinese authorities announced over the weekend that Shanghai would enter a phased lockdown as asymptomatic cases surge.
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