STI ends disastrous quarter on positive note
Official Chinese factory data for March beats expectations and lifts sentiment for the local benchmark
Add BT as a preferred sourceSINGAPORE'S Straits Times Index (STI) closed higher on Tuesday after official Chinese factory data for March beat expectations, lifting sentiment at the tail-end of a quarter that will be remembered for the Covid-19 outbreak.
The local benchmark, which opened more than 2 per cent up, finished 64.99 points or 2.7 per cent higher at 2,481.23 with four of the 30 counters ending in the red.
For the first quarter, the STI's 23 per cent decline is its worst quarterly performance since the October-December quarter of 2008.
