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Singapore stocks open higher on Monday; STI up 0.6%

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SINGAPORE shares started the week higher after closing lower on Friday. Read more at The Business Times.

All three local banks, which were among the most heavily traded by value, gained ground in early trade. DBS rose S$0.22 or 1.1 per cent to S$20.59, UOB advanced S$0.09 or 0.5 per cent to S$19.50, and OCBC gained S$0.02 or 0.2 per cent to S$8.60.following a weak jobs report, and President Donald Trump's shock announcement that he has tested positive for Covid-19.

The Dow Jones Industrial Average finished down 0.5 per cent at 27,682.81, the broad-based S&P 500 slipped 1 per cent to 3,348.44, while the tech-rich Nasdaq Composite Index tumbled 2.2 per cent to 11,075.02.at 23,273.36 on Monday, while the broader Topix index advanced 1.2 per cent or 19.10 points to 1,628.32.For daily updates on weekdays and specially selected content for the weekend.

 

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