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Singapore shares buck regional trend, lifted by Wall Street rally
The Straits Times
|May 29, 2025
• STI up 0.4% amid cheer in US over tariff pullback for Europe • In the broader market, gainers lead losers 233 to 224 • Stocks in Australia, HK in the red, while Japan's ended flat
Local shares ignored the downbeat mood across the region and took their lead from a resurgent Wall Street overnight.
The modest rally in New York helped spur the benchmark Straits Times Index (STI) up 0.4 per cent or 15.83 points to 3,911.92 on May 28, although in the broader market, gainers only just edged out losers 233 to 224 on trade of 1.2 billion securities worth $1.2 billion.
Markets in the US rose in reaction to the news that the Trump administration has pulled back on implementing tariffs on Europe.
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