Singapore stock market rebounds due to easing tariff concerns, STI closes just above 3,875 points

From Nasdaq: 2025-05-12 20:00:00

The Singapore stock market rebounded ahead of Wesak Day, with the Straits Times Index closing just above 3,875 points. Optimism over easing tariff concerns led to solid gains in European and U.S. markets, setting a positive tone for Asian bourses. The STI closed higher on Friday, with financial, property, and industrial stocks showing mixed performances. Wall Street also saw a strong rally on Monday following news of a U.S.-China trade deal that reduces tariffs. Crude oil prices surged on optimism about demand after the trade agreement.



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