ST Index rallies for fourth straight day
Market sentiment buoyed by positive US earnings and China's Q3 6.8% growth which beats official full-year target
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POSITIVE US earnings and what can be argued as upbeat data from China as its Q3 growth of 6.8 per cent remained higher than the government's full-year target, spurred the extension of Singapore shares' rally for a fourth straight day.
The benchmark Straits Times Index (STI) added 5.88 points or 0.18 per cent to finish the session at 3,334.91, supported by banking and property counters.
Trading soared after lunch to hit an intraday high of 3,354.27 and then activity dipped, probably tracking the Dow futures which was down by more than 100 points 30 minutes to closing, before climbing up to pare the losses.
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