SINGAPORE - Singapore stocks opened stronger on Tuesday , with the Straits Times Index heading up 0.50 per cent or 15.64 points to 3,161.97 as at 9.02am ahead of improvements in most regional markets and meetings by various central banks.On the Singapore bourse, gainers outnumbered losers 65 to 45, or about three securities up for every two down, after 25.2 million securities worth $62.9 million changed hands.
Financials were also trading stronger, with OCBC Bank up 0.5 per cent or $0.05 to $10.87; DBS Group Holdings up 0.7 per cent or $0.17 to $24.94; and United Overseas Bank up 1.7 per cent or $0.43 to $25.97. CapitaLand shares also were up 1.7 per cent or $0.06 to $3.60; while CapitaLand Mall Trust was down 1.49 per cent or $0.04 to $2.65. The property developer had on Monday night announced the establishment of Ascott Business Trust, which follows an earlier July announcement on the proposed combination of Ascott Residence Trust and Ascendas Hospitality Trust.
In the United States, stocks on Wall Street were also stable, with the Dow Jones Industrial Average ending 0.1 per cent higher at 26,835.51. The S&P 500 was nearly flat at 2,978.43, and the Nasdaq Composite Index dropped 0.2 per cent to 8,087.44. This comes ahead of August reports on consumer prices and retail sales.
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