Singapore Stock Market News

STI Outperforms the region

StockFanatic
Publish date: Thu, 12 Jul 2012, 09:41 AM
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Singapore was the best performer amongst major Asian Indices, closing at 2989.31, up 0.83% day-on-day (dod). The Shanghai Composite Index also did well, adding 0.51% dod. Investors' sentiments in Shanghai were lifted after Premier Wen Jiabao's comments signalled that officials may boost spending to stimulate economic growth in China. Nonetheless, investors' worries over a global economic slowdown is likely to remain an overhang.
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