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STI gains 0.2% as traders turn risk-on

Asian markets track Wall Street, lifted by higher oil prices and strong US housing numbers

Published Thu, May 26, 2016 · 09:50 PM

SHARE prices in the local bourse edged higher on Thursday for the second straight day, fuelled once again by overnight gains on Wall Street.

The Straits Times Index (STI) finished 6.65 points or 0.2 per cent up at 2,773.31, broadly in line with the rest of Asia.

Risk-on mode returned to traders in Asia, buoyed by higher oil price…

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