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STI rises on US rally and little else

Market watchers remain cautious due to the lack of specific reasons for the US markets' best day in nine years

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The Straits Times Index (STI) registered a 1.5 per cent rise at its open and climbed further to post almost 2 per cent gains at the midday break.

COMING off two days of losses earlier this week, markets around the world jumped for joy on Thursday at signs of a Santa Claus rally building in the US markets overnight, with the Singapore market all but erasing its losses from the previous session.

The Straits Times Index (STI)...

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