STI reverses five sessions of losses

SINGAPORE equities registered their first positive closing in five sessions, on growing expectations of support measures by central banks to curb the economic fallout from the Covid-19 outbreak.

On Tuesday, the Straits Times Index (STI) ended 11.84 points or 0.4 per cent higher at 3,019.56.

Elsewhere in the region, benchmarks in Australia, China, Hong Kong, Malaysia, South Korea and Taiwan also finished with gains. Bucking the trend was Japan, which closed lower.

Asian stocks got off on a bright start to Tuesday, following a strong ov…

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