stocks ·

STI rallies 1.2% on upbeat US GDP, Japan stimulus

THE local bourse rallied on Friday on a double boost of feel-good news - well-above-trend third- quarter growth numbers from the US, and the Japanese central bank's aggressive move to crank up its monetary stimulus plan to revive the economy.

The benchmark Straits Times Index (STI) jumped nearly 40 points or 1.2 per cent to 3,274.25. The celebratory feel was understandably most pronounced in Japan with the Nikkei 225 soaring 4.8 per cent to close at a seven-year high. Hong Kong's Hang Seng Index advanced...


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