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Singapore stocks: STI resumes Friday afternoon up 0.12% on day

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The three local banks were all in the green, with DBS trading cum dividend, up S$0.09 or 0.3 per cent to S$26.65, UOB increasing S$0.12 or 0.5 per cent to S$26.69, and OCBC gaining S$0.08 or 0.7 per cent to S$11.17.

Other Asian markets rose as trade hopes were given a boost by Donald Trump's economic aide saying"enormous progress" had been made in talks with China, easing recent concerns that they were stumbling. Tokyo went into the break 0.7 per cent higher, Sydney jumped 0.8 per cent and Seoul climbed 1 per cent. Taipei, Wellington and Jakarta also posted healthy gains. Shanghai was up 0.4 per cent, boosted by the central bank's decision to pump US$29 billion into the financial system.

Hong Kong added 0.4 per cent in early trade, having shed almost 5 per cent over the previous four days as the city was wracked by violent protests, with police saying the rule of law was on"the brink of total collapse".

 

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