STI extends rally on Wall St surge
Dow's new record highs, Chinese central bank's stimulus injection draw buyers back into Singapore market
AS ATTENTION pivots away from concerns over the spread of the novel coronavirus, risk-friendly activity in the region's equity markets continued to pick up on Thursday.
Even though fatality and infection cases from the virus are still rising - more than 560 deaths and over 28,000 diagnosed, most Asia-Pacific indices recorded strong early gains.
One reason is that Wall Street is soldiering on to new record highs on strong US corporate earnings and economic data; another is that the Chinese central bank's stimulus injection has calmed fears of a shar…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hong Kong regulator to probe PwC auditing role over Evergrande
US: S&P, Dow open flat as Middle East jitters ease, Netflix weighs on Nasdaq
DBS puts 46 HDB shops, private strata retail units on market for S$210 million
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece