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STI powers ahead as nothing fazes market

Concerns over the oil and gas sector also seem replaced by renewed optimism of new orders, triggering several re-ratings

Angela Tan

Published Tue, Jan 23, 2018 · 09:50 PM

Straits Times Index

REGIONAL stock markets rallied on Tuesday, some to new highs, as investors seem to be trapped inside the Potemkin village, where only good news are heard.

The MSCI Asia Pacific Index headed for a fresh record close, with healthcare and financial stocks outperforming.

"Whether it's the brief US government shutdown, turmoil in the White House or North Korea nuclear jitters, nothing seems to faze the stock market,'' a market observer noted.