Singapore stocks open higher on Monday; STI up 0.2%

to US$536.6 million for the third quarter. It also proposed a special dividend for its shareholders to commemorate the market debut of its Chinese unit Yihai Kerry Arawana.

Elsewhere, Singapore Telecommunications was flat at S$2.03 after 1.4 million shares changed hands. The telco on Monday said its wholly-owned Australian subsidiary Optus Mobile is planning to fork out some A$250 million toNewly-listed Nanofilm Technologies built on its gains last week, rising S$0.04 or 1.4 per cent to S$2.95 after 911,600 shares changed hands.

Meanwhile, DBS fell S$0.05 or 0.3 per cent to S$20.30, UOB dipped S$0.02 or 0.1 per cent to S$18.97 while OCBC was unchanged at S$8.42. All three banks will be reporting their third-quarter results this week.since March on a downcast note on Friday, falling further as investors fretted over rising coronavirus cases and Tuesday's high-stakes presidential election.

The Dow Jones Industrial Average shed 0.6 per cent to close the week at 26,501.60. The broad-based S&P 500 fell 1.2 per cent to 3,269.96, while the tech-rich Nasdaq Composite Index tumbled 2.5 per cent to 10.911.59.. The benchmark Nikkei 225 index was up 0.6 per cent or 139.86 points at 23,116.99 in early trade, while the broader Topix index gained 1 per cent or 16.37 points to 1,595.70.For daily updates on weekdays and specially selected content for the weekend.

Source: News Formal (newsformal.com)

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