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Singapore shares open 13 points higher on Tuesday

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THE Singapore bourse opened at 2,814.36 on Tuesday, up 13.4 points ahead of a crunch US presidential election and spurred by Wall Street's upbeat showing overnight on optimism for a "Clinton win".

Some 49 million shares worth S$48 million were done with 106 counters up and 30 counters down.

A Clinton win could be a relief, as the markets only recently downgraded the probability of her victory.

If this happens, focus would switch back to Fed rate hikes, according to Societe Generale research.

On the other hand, the house reckons - and there is great consensus on this point - that a Trump win could trigger uncertainty and volatility and a flight to safe havens in and outside the US.

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