STI clocks a strong start to 2020
Recent developments, including the 'phase one' US-China trade deal, have given investors much to cheer about
MOST of the region's equity markets got the new year off to a flying start, surprising few.
In the first day of trading in the new year, Singapore's Straits Times Index (STI) advanced by as much as 1 per cent before ending the session at 3,252, registering a gain of 29.17 points or 0.9 per cent.
Elsewhere in the Asia-Pacific, Australia, China, Hong Kong, Malaysia and Taiwan were higher. Of the lot, the Hong Kong benchmark, the Hang Seng Index, was the best performer, adding 353.77 points or 1.3 per cent to 28,543.52.
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