Singapore shares rise, tracking US optimism

THE Straits Times Index (STI) reversed losses on Wednesday, rising 0.27 per cent or 8.96 points to finish at 3,362.43.

After lunch, it had looked like the swathe of strong US corporate earnings was not enough to stir the market here. However, the bourse recovered in its final hour of trading with 1.17 billion shares worth S$1.08 billion changing hands for the day. Gainers outnumbered losers 204 to 168.

But Hussein Sayed, chief market strategist at FXTM, said that the bull market may not last lon…