Singapore stocks: STI resumes Monday afternoon at 3,142.96, up 0.9% on day

SINGAPORE shares climbed higher by Monday afternoon on hopes of progress on a US-China trade deal, with the Straits Times Index gaining 0.9 per cent, or 28.80 points to 3,142.96 as at 1.02pm.

Advancers outnumbered decliners 163 to 137, after about 387.9 million shares worth S$318.6 million changed hands. Other active index stocks included Singtel which gained 2.2 per cent, or seven cents to S$3.22, and Singapore Press Holdings which was trading 2.8 per cent or six cents higher to S$2.21 on a cum-dividend basis.

Japan's Topix added 0.5 per cent as at 12.27pm, while Australian stocks fell 0.1 per cent. Hong Kong's Hang Seng ticked 0.3 per cent higher, while China's Shanghai Composite was little changed.

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