Singapore shares open higher on Wednesday following inflation data; STI up 0.24% to 3,381.08

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Singapore shares open higher on Wednesday following inflation data; STI up 0.24% to 3,381.08
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Singapore shares open higher on Wed following inflation data; STI up 0.24% to 3,381.08

for the first quarter to 3.10 Singapore cents, after net property income rose 12.2 per cent to S$77.9 million.with a net profit of S$767,000, compared to a net loss of S$3.5 million a year ago.. A broad range of US companies enjoyed strong gains in their shares on Tuesday after reporting financial results, reassuring investors who had been worried about a possible earnings “recession”.

Reports that face-to-face US-China talks will be held next week also lifted hopes of a trade agreement.on its second day of trading. The biggest shareholders on the board lost a combined US$1 billion on Tuesday, a day after the board’s roaring debut created three new billionaires.

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