STI ticks up on fresh hopes of virus vaccine and EU stimulus deal
The index tracked overnight gains on Wall Street, which was boosted by a strong showing from technology giants.
Add BT as a preferred sourceClaudia Tan HS
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE shares rose on Tuesday, reversing Monday's lacklustre performance amid renewed hopes for a virus vaccine and the European Union stimulus deal.
Promising news from clinical trials allowed investors to temporarily place aside fears of Covid-19 resurgence and extended lockdowns, pushing equities to positive territory. Adding to the slew of good news on Tuesday was European leaders successfully clinching a 750-billion-euro (S$1.19 trillion) stimulus deal.
The Straits Times Index (STI) tracked overnight gains on Wall Street, which was boosted by a strong showing from technology giants. The STI was up 0.5 per cent or 13.15 points to 2,629.45 for the day.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
