Trade deal hopes boost Asian markets
STI closes 0.22 per cent or 6.97 points higher at 3,236.40; gainers outnumber losers 240 to 175
Singapore
TRADE optimism that buoyed US markets on Friday had a similar effect on Asian markets on Monday, as investors clung to positive comments about progress on a US-China trade deal.
Echoing comments made by the US and China on Friday, US commerce secretary Wilbur Ross told leaders at the 35th Asean summit in Bangkok that the two countries were making progress on their trade deal, and an agreement to walk back some of the tit-for-tat tariffs was "very far along".
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly
HCA beats first-quarter profit estimates on higher patient admissions