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STI rises on higher oil prices, US economy

The index jumps 40.91 points or 1.15% to finish at 3,598.73; regional peers also enjoy gains across the board

Anita Gabriel

Published Thu, Apr 19, 2018 · 09:50 PM

THE Singapore bourse rose for the third straight day on Thursday buoyed by oil prices that hit multi-year highs and an upbeat assessment of the US economy in a Federal Reserve report. Easing geopolitical tensions over Syria and North Korea and broadly positive corporate earnings out of the US also helped boost risk appetite for equities.

The key Straits Times Index jumped 40.91 points or 1.15 per cent to finish at 3,598.73. It…