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STI gains 1.6%, shrugging off overnight Wall Street retreat
The Straits Times
|April 18, 2025
• DFI Retail tops index again; local banks continue rebound • Kospi, Nikkei, Hang Seng lead surge among regional bourses • US tech sell-off worsens after Nvidia's note on its bottom line
Local shares again defied a downbeat Wall Street overnight and tracked regional bourses well into positive territory on April 17.
The buoyant mood sent the Straits Times Index (STI) up a solid 1.6 per cent, or 57.88 points, to 3,720.33. Gainers easily outpaced losers 361 to 179 in the broader market on trade of 1.2 billion shares worth $1.4 billion.
Major regional indexes followed much the same game plan. The Kospi in Seoul rose 0.9 per cent, the Nikkei 225 in Tokyo added 1.4 per cent and Hong Kong's Hang Seng put on 1.6 per cent.
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