US-China trade hopes send Singapore shares 1% higher on Monday

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US-China trade hopes send Singapore shares 1% higher on Monday.

IT will be a busy week of economic data releases, but on Monday, markets fed off the growing optimism of a breakthrough in a trade deal between the US and China. This sent markets in Asia mostly higher.Trading on the Singapore bourse clocked in at about 1.42 billion securities worth S$1.23 billion in total changing hands or an average of S$0.87 per security. Gainers and losers were evenly matched at 232 to 223.

Pennies saw heavy trading on the day with Swee Hong shares closing 0.1 Singapore cent or 16.7 per cent lower at 0.5 Singapore cent on 48 million shares traded. Meanwhile, South Korean entertainment producer Spackman Entertainment Group ended 0.2 Singapore cent or 8.7 per cent higher at 2.5 Singapore cents on 45 million shares traded.Among STI constituents, casino operator Genting Singapore was the blue-chip index's most traded.

 

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