Singapore shares open higher tracking US gains; STI up 2.5%

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

SINGAPORE shares opened higher on Tuesday after US stocks had closed higher overnight despite a sharp increase in coronavirus cases in the US and other major economies. Read more at The Business Times.

Meanwhile Ascendas Real Estate Investment Trust gained S$0.09 or 3.3 per cent to S$2.80 on eight million units traded.

Among financial stocks, DBS gained S$0.41 or 2.2 per cent to S$18.71 while UOB rose S$0.46 or 2.4 per cent to S$19.67. OCBC, which saw heavy trading of its shares, was up S$0.13 or 1.5 per cent to S$8.65.on Monday as markets weighed a dire near-term economic outlook against unprecedented federal spending and central bank interventions.

The Dow Jones Industrial Average jumped 3.2 per cent or nearly 700 points to finish the day at 22,327.48. The broad-based S&P 500 gained 3.4 per cent to close at 2,626.85, while the tech-rich Nasdaq Composite Index advanced 3.6 per cent to 7,774.15.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore stock watch: FHT, Frasers Property, Prime US Reit, Suntec Reit, RiverstoneSINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Monday (March 30):. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

US crude drops below US$20 a barrel as broken market drowns in oilSYDNEY (BLOOMBERG) - Crude dropped to its lowest in 17 years on Monday (March 30) as coronavirus lockdowns cascaded through the world's largest economies, leaving the market overwhelmed by cratering demand and an unmanageable surplus.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Wall St. gains as US extends shutdown to limit virus spreadU.S. stocks rose on Monday as President Donald Trump followed last week's massive fiscal stimulus package by extending his stay-at-home ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Covid-19: Europe, US deaths surge as Trump reverses on New York lockdownMADRID — The coronavirus death toll shot past 20,000 in Europe on Saturday (March 28) with Italy and Spain each reporting more than 800 dead in one day, as US President Donald Trump decided against putting the hard-hit New York region under quarantine.
Source: TODAYonline - 🏆 1. / 99 Read more »

US prisons free inmates to try to slow coronavirus infectionNEW YORK (NYTIMES) - The coronavirus is spreading quickly in America's jails and prisons, where social distancing is impossible and sanitiser is widely banned, prompting authorities across the country to release thousands of inmates in recent weeks to try to slow the infection, save lives and preserve medical resources.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

US, Russia agree to oil market talks as Trump calls price war 'crazy'WASHINGTON (REUTERS) - US President Donald Trump and Russian President Vladimir Putin agreed during a phone call on Monday (March 30) to have their top energy officials discuss slumping global oil markets, the Kremlin said, as Trump called Russia's price war with Saudi Arabia 'crazy.'. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »