Singapore Shares Continue Upward Momentum Despite Regional Losses Ahead of Trump-Xi Meeting

MT Newswires10-28

Singapore shares continued their ascent on Tuesday, in contrast to regional losses as markets await crunch talks between US President Donald Trump and his Chinese counterpart Xi Jinping.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,446.38 and 4,478.15 throughout the day. It ended the session at 4,450.36, up 10.06 points or 0.2% compared to Monday's close.

In company news, shares of Keppel Pacific Oak US REIT (SGX:CMOU) were up nearly 7% at the close, even as its net property income fell by 2.2% during the nine months ended Sept. 30 to $63.2 million from $64.6 million a year earlier.

Sunrise Shares' (SGX:581) shares were up over 3% even after its attributable loss to equity holders widened marginally to SG$866,000 in the fiscal half ended June 30 from SG$844,000 a year earlier.

Meanwhile, shares of Vibrant (SGX:BIP) were down nearly 4% as its chief executive officer, Eric Khua Kian Keong, took a leave of absence for four months, starting Oct. 27.

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