Singapore shares advance at Thursday's open; STI up 1.3%

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SINGAPORE shares opened on a firm footing on Thursday, in line with the rest of Asia, as investors pinned their hopes on a swift rebound in economies as Covid-19 lockdown measures ease. Read more at The Business Times.

Other active securities include SATS, which put on S$0.10 pr 3.3 per cent to S$3.14, and Singapore Airlines , which rose S$0.09 or 2.1 per cent to S$4.40.

In a Facebook post on Wednesday, Transport Minister Khaw Boon Wan wrote that SIA, along with European, North-east Asian and Middle Eastern carriers, areat Changi Airport. Singapore-China business travel will also start from June 8 with the implementation of strict curbs. Meanwhile, Ascott Residence Trust units fell S$0.03 or 2.9 per cent to S$1.01. Last week, ART set a precedent inOver in the US,The Dow Jones Industrial Average finished up 2.1 per cent or 525 points at 26,269.89. The broad-based S&P 500 gained 1.4 per cent to 3,122.87, while the tech-rich Nasdaq Composite Index advanced 0.8 per cent to 9,682.91, moving close to an all-time high., South Korea's Kospi climbed 1.9 per cent, and Australian stocks gained 0.7 per cent.

 

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