Singapore stocks: STI resumes Friday afternoon up 0.62% on day

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Rex International gained S$0.006 or 3.9 per cent to S$0.16 after 40.8 million shares were traded.

Singtel was up S$0.06 or 1.8 per cent to S$3.32 following news early this week that its India associate Bharti Airtel will raise mobile tariff hikes earlier than expected. DBS Equity Research had on FridayThe three local banks were all in the green, with DBS up S$0.04 or 0.2 per cent to S$25.68, UOB advancing S$0.10 or 0.4 per cent to S$26.16, and OCBC gaining S$0.03 or 0.3 per cent to S$10.97.

Other Asian markets also rose as a sense of optimism returned to trading floors after a report said China's point man on the US tariffs talks had offered to host a meeting to help push through their crucial mini pact. Hong Kong rose 0.6 per cent, Shanghai added 0.7 per cent and Tokyo went into the break 0.6 per cent higher.

Sydney rose 0.6 per cent, Seoul gained 0.3 per cent and Taipei was up 0.1 per cent. However, Wellington, Manila and Jakarta were in the red.

 

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