Singapore stocks finish higher thanks to upbeat Yellen speech
WALL Street on Wednesday rose sharply in response to an upbeat congressional testimony on the US economy and interest rates given by Federal Reserve chair Janet Yellen, and so the Straits Times Index (STI), which had lost 37 points on Tuesday and Wednesday, reacted on Thursday by rebounding 26.76 points or 0.8 per cent to 3,235.67.
Turnover amounted to 2.4 billion units worth S$1.1 billion and, excluding warrants, there were 255 rises versus 198 falls.
Not surprisingly, banks and Jardine stocks that have been the main drivers of the STI's moves over the past year were once again chiefly responsible for the index's rise.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Asia: Markets rise as traders consider US rate outlook
China reiterates need for steady yuan amid fragile confidence
Singapore shares climb at Thursday’s open; STI up 0.3%
Stocks to watch: CDL, DFI Retail Group, Cordlife, First Resources
US: Wall Street slips as dour earnings, chip stocks weigh
Europe: Adidas, LVMH steer shares higher on earnings relief