Singapore shares open higher on Tuesday after S&P record high

SINGAPORE stocks opened higher on Tuesday morning, buoyed by S&P 500's close at a record high, even as the yen staged its biggest one-day drop in nearly three years.

The benchmark Straits Times Index (STI) opened up 7.88 points or 0.27 per cent at 2,884.02.

Two minutes into morning trade, some 78.4 million shares worth S$69.7 million changed hands, with gainers outnumbering losers 80 to 34. Among the most active counters were Noble, Thai Beverage and Singtel.

Overnight, the S&P 500 had gained about one-third of one per cent to 2,137.2, with investors still in an upbeat mood following Friday's solid non-farm payrolls numbers.