US inflation data, Wall Street rally lift Singapore shares

STI rises 0.8 per cent or 28.55 points to 3,801.13 | Gains led by Seatrium, while local banks see solid advances | Most key regional indexes up; Malaysian stocks the outliers

- Megan Cheah and Crystal Heng

Better inflation data in the US and the Wall Street surge that followed set the tone for a positive day across regional markets on Jan 16.

The optimistic sentiment here lifted the Straits Times Index (STI) 0.8 per cent or 28.55 points to 3,801.13.

In the broader market, gainers easily outpaced losers 326 to 168 on trade of 926.3 million securities worth $1 billion.