Singapore stocks traded higher on Thursday morning—STI rose 0.6% Singapore News

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Singapore stocks traded higher on Thursday morning , supported by strong performances in global markets. The Straits Times Index rose 0.6%, or 23.73 points, to 3,823.

67 at 9:02 am, according to The Business Times.

OKH Global led the trading volume, rising 27.8% or S$0.005 to S$0.023, with 14.9 million shares exchanged. Marco Polo Marine climbed 1.9% or S$0.001 to S$0.055, following its report of a second-half net profit of S$10.7 million, down 41.5% from the previous corresponding period’s S$18.3 million. Genting Singapore added 1.3% or S$0.01 to S$0.79.

Wall Street hit new record highs on Wednesday, driven by post-election gains, hopes for further interest rate cuts, and a boost from strong Salesforce results in the artificial intelligence sector.The Dow Jones Industrial Average rose 0.7% to 45,014.04, and the S&P 500 climbed 0.6% to 6,086.49, marking its fourth consecutive record, while the tech-heavy Nasdaq Composite Index gained 1.3% to 19,735.12, achieving its third straight record.

The pan-European Stoxx 600 gained 0.4% to 517.45, marking its fifth consecutive rise, led by a 2.2% jump in retail stocks.The growing Gen Z gender divide reshaping politics

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