Saturday, July 19, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Technology

Singapore shares and STI continue to rally on Tuesday, tracking regional indices

by Riah Marton
in Technology
Singapore shares and STI continue to rally on Tuesday, tracking regional indices
Share on FacebookShare on Twitter


[SINGAPORE] The Straits Times Index (STI) continued to rally, tracking regional indices on Tuesday (Apr 15).

The STI closed up 2.1 per cent or 75.81 points at 3,624.72.

Across the broader market, advancers outnumbered decliners 331 to 187, with 1.2 billion shares worth S$1.4 billion having changed hands.

The trio of local banks continued their ascent on Tuesday, with DBS up 3 per cent or S$1.15 at S$39.96. OCBC closed up 2.6 per cent or S$0.39 at S$15.57, and UOB up 3 per cent or S$0.99 at S$33.91.

The top gainer was Fraser’s Logistics and Commercial Trust, closing up 6.1 per cent or S$0.05 at S$0.87.

The biggest loser was Wilmar, closing down 1.9 per cent or S$0.06 at S$3.09.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Across the region, major indices closed higher, with the Kospi up 0.9 per cent and the Nikkei 225 up 0.8 cent. Hong Kong’s Hang Seng Index closed up 0.2 per cent, and the KLCI was up 0.4 per cent.

A rally in big tech is being fuelled by US President Donald Trump’s softer stance on electronic imports from China, noted José Torres, senior economist at Interactive Brokers. Animal spirits have been bolstered by The White House’s empathetic tilt, with investors buying not just tech, but also treasuries and commodities. Optimism is also rising on expectations of a robust US retail sales report coming out on Wednesday.

The softening in the trade rhetoric is being seen as a bullish sign that the Trump administration is becoming attentive to capital market developments, said Torres. The optimistic start to the week is fuelled by hopes of tactful negotiations by the White House, bolstering economic growth expectations.

“Even though volatility has been declining heavily, it remains well above historical averages, signalling the expectation of ongoing turbulence in stocks and rates alike,” said Torres.

Tags: ContinueindicesRallyRegionalSharesSingaporeSTITrackingTuesday
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Next Post
Honda to make 90% of US sales locally by relocating Mexico, Canada production, Nikkei reports

Honda to make 90% of US sales locally by relocating Mexico, Canada production, Nikkei reports

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2024 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In