Singapore shares open higher on Tuesday; STI up 0.5%

SINGAPORE shares opened higher on Tuesday after US markets recorded losses overnight. Read more at The Business Times.

Meanwhile, Singtel shares traded up S$0.05 or 1.8 per cent to S$2.79 on 3.4 million shares traded.

It was a mixed bag among local banks, as DBS rose S$0.05 or 0.3 per cent to S$19.33 but OCBC lost S$0.03 or 0.3 per cent to S$8.89 and UOB decreased S$0.04 or 0.2 per cent to S$20.14.on Monday ahead of major earnings reports which are expected to be impacted by the coronavirus pandemic. The Dow Jones Industrial Average fell 328.6 points or 1.39 per cent to 23,390.77, the S&P 500 lost 28.19 points or 1.01 per cent to 2,761.63 and the Nasdaq Composite added 38.85 points or 0.48 per cent to 8,192.43.

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