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STI bounces back from 'Black Monday'

Market sentiment gets a boost, likely from US stimulus measures and recovering oil prices

Published Tue, Mar 10, 2020 · 09:50 PM

SINGAPORE'S Straits Times Index (STI) rebounded on Tuesday from its worst day of trading since October 2008, in line with a recovery in oil prices.

The benchmark index had opened 0.8 per cent lower, but reversed course within the first hour of trading.

It ended the day 50.17 points or 1.8 per cent higher, at 2,832.54.

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