Singapore shares open slightly higher on Tuesday

SINGAPORE shares inched up in opening trade on Tuesday following a late rally on Wall Street. The Straits Times Index was up 8.61 points or 0.3 per cent to 2,854.16 points as at 9.02 am.

A total of 45.2 million shares worth S$28.6 million changed hands. Gainers outnumbered losers 72 to 42.

Elsewhere in Asia, markets were also quiet. Tokyo shares opened flat on Tuesday, as the yen held its strength against the dollar, reported AFP. The benchmark Nikkei 225 index edged up 0.06 per cent, or 11.84 points, to 18,927.86 in opening deals, while the broader Topix index was up 0.13 per cent, or 2.04 points, at 1,533.32.

Australia's S&P/ASX 200 Index climbed 0.6 per cent, adding to a 4.1 per cent surge over the previous four sessions. Volume was 39 per cent below the 30-day intraday average. The Kospi index in Seoul slipped 0.1 per cent, reported Bloomberg.