Singapore stocks rose on Friday—STI climbed 0.4%

The Straits Times Index climbed 13.54 points, or 0.4%, reaching 3,418.01 by 9:03 am, as reported by The Business Times.

Singtel was the most actively traded stock by volume, rising 1.7%, or S$0.05, to S$3.07, with 10.1 million shares changing hands. V2Y Corp also saw significant activity, with its shares climbing 18.2%, or S$0.004, to S$0.026, as 2.4 million shares were traded. On the downside, Aspen experienced a drop of 8.9%, or S$0.004, to S$0.041, with one million shares exchanged.

In Europe, markets ended on a more positive note, with Germany’s DAX hitting a record high, fuelled by gains in tech stocks. Softer inflation data boosted expectations for possible interest rate cuts, helping to offset some of the disappointment from Nvidia’s quarterly results. The pan-European Stoxx 600 index rose by 0.8% to 524.57, narrowly missing a new record close.

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Singapore stocks open higher on Friday—STI climbed by 1%In the broader market, 102 gainers outpaced 41 losers, after 50.6 million securities valued at S$84.6 million changed hands.
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Stock market rout worsens in Asia: Singapore share index sinks 4.6%, Japan dives 12%Fears the US could be heading for recession sent investors rushing from risk assets.
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