STI bounces back from 'Black Monday'

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.

Just five of the STI's 30 components ended the day in the red.

The recovery was in line with that of oil prices, which had also plunged on Monday.

WTI crude climbed back above US$30 a barrel during the Asian trading…