Stocks rise ahead of US-China trade talks

Straits Times Index jumps 1.42 per cent or 43.57 points to 3,102.8; advancers outpace decliners 276 to 136

Published Mon, Jan 7, 2019 · 09:50 PM

IT was blue skies, not Monday blues, for the Singapore market as stocks started the week sprightly, energised by upbeat US wage data and dovish comments from the US Federal Reserve over the weekend.

Local stocks also climbed ahead of trade negotiations between US and Chinese officials on Monday, as investors hope the two countries strike a deal amid the current 90-day tariffs truce between US President Donald Trump and his Chinese counterpart Xi Jinping.

Reports said a working team led by Deputy US Trade Representative Jeffrey Gerrish will go to China to have "positive and construct…