STI closes 1.24% higher, tracking global tech rally

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THE Straits Times Index (STI) tracked a rally in tech stocks on Wall Street and Hong Kong to rise 30.79 points or 1.24 per cent to 2,515.70 on Tuesday, ending a three-day losing streak. Read more at The Business Times.

Sunright, which provides semiconductor test and burn-in services, rose three Singapore cents or 9.23 per cent to S$0.355.

UMS, a primary supplier in Asia for semiconductor equipment maker Applied Materials, rose five Singapore cents or 5 per cent to S$1.05. CEI Contract Manufacturing rose 5.5 Singapore cents or 6.43 per cent to S$0.910. Grand Venture Technology, which has exposure to the semiconductor and life science industries, rose one Singapore cent or 4 per cent to S$0.26.The Hang Seng Index rose 2 per cent while the KLSE climbed 0.21 per cent. The Shanghai Composite climbed 0.11 per cent, and the Nikkei advanced 1.70 per cent.

Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said:"Call it a market rally, or stock market inflation, the global equity markets are poised for more gains on hope that more stimulus will support economies, or at least the stock prices."For daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

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