Singapore shares rise at Tuesday's open tracking Wall Street rally; STI up 0.7%

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SINGAPORE stocks opened stronger on Tuesday following overnight rallies on Wall Street and Europe. Singapore's Straits Times Index (STI) advanced 0.7 per cent or 17.05 points to 2,567.91 as at 9.03am. Read more at The Business Times.

Other active index counters included Keppel Corp which was up 1.2 per cent or S$0.07 to S$6.03 on a cum-dividend basis and Ascendas Real Estate Investment Trust, which advanced 2.9 per cent or S$0.09 to S$3.25., shrugging off unrest in many cities following anti-racism protests and worsening US-China tensions. The Dow Jones Industrial Average gained 0.4 per cent to 25,475.02, S&P 500 climbed 0.4 per cent to 3,055.73, while the Nasdaq Composite Index rose 0.7 per cent to 9,552.05.

, as signs of recovery for the continent's manufacturers prompted investors to continue snapping up cyclical stocks. The pan-European Stoxx 600 index closed 1.1 per cent higher, even as trading activity was dulled by market holidays for Germany, Switzerland, Denmark and Norway.tracking rallies on Wall Street. The benchmark Nikkei 225 index rose 0.4 per cent to 22,143.44 in early trade, while the broader Topix index was up 0.4 per cent to 1,575.13.

 

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