Singapore shares rise at Wednesday's open following Wall St rally; STI up 0.1%

priced A$500 million Other active index counters included Singtel, which rose 0.3 per cent or one Singapore cent to S$3.29; and CapitaLand Commercial Trust which rose 1.0 per cent or two cents to S$2.00.

In the US, Wall Street continued its rally on Tuesday amid optimism over the US-China trade talks, and Chinese online e-commerce giant Alibaba surging almost 8 per cent on its Hong Kong debut. The Dow, S&P 500 and Nasdaq were all up 0.2 per cent at close. In Europe, stocks also rose for the third straight session on Tuesday, also lifted by hopes on a trade truce amid US-China trade talks.

Elsewhere in Asia, Tokyo stocks opened higher on Wednesday on cheaper yen against the dollar and Wall Street rallies and investor focus on US-China trade talks developments. The Nikkei 225 index rose 0.4 per cent or 93.68 yen to 23,467.00 in early trade, while the Topix index increased 0.32 per cent or 5.43 points at 1,711.14.

Source: News Formal (newsformal.com)

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