SINGAPORE shares rose strongly after trading began on Monday, following higher US and Europe market sessions on Friday. The markets were buoyed by US-China trade negotiations which yielded a partial deal that included a halt to tariffs scheduled for this week.About 83.3 million shares worth about S$82.9 million changed hands, which worked out to an average unit price of about S$1 per share.
Among other index stocks, Yangzijiang Shipbuilding was trading up S$0.02 or 2.1 per cent to S$0.99 with 3.6 million shares changing hands. The broad-based S&P 500 gained 1.1 per cent to 2,970.27, while the tech-rich Nasdaq Composite Index advanced 1.3 per cent to 8,057.04. European shares jumped on Friday after a surprise breakthrough in Brexit negotiations drove UK-focused London-listed companies and the Irish index about 4 per cent higher, while German shares logged their best day in nine months. But British Prime Minister Boris Johnson later played down hopes of a breakthrough in his last-ditch bid to strike an amicable divorce deal with the European Union.
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