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Singapore shares rise 0.3%, tracking Wall Street gains

Dow Jones Newswires · Jul 21, 2021 21:19

YZJ Shipbldg SGD +1.69% DBS Group Holdings -0.11% FTSE Singapore Straits Time Index -1.25%

Singapore's $FTSE Singapore Straits Time Index(.STI.SG)$ rises 0.3% to 3119.00, tracking gains on Wall Street.

A recovery in U.S. Treasury yields also indicates that the economic outlook should brighten despite the health condition, IG says.

Investors are likely to focus on the corporate earnings season, it adds.

$YZJ Shipbldg SGD(BS6.SG)$ leads gains, up 1.5%, while index heavyweight $DBS(D05.SG)$ advances 1.0%. $SGX(S68.SG)$ is 0.8% higher. Declines are led by $HongkongLand USD(H78.SG)$, down 0.9%. (yiwei.wong@wsj.com)

(END) Dow Jones Newswires

July 21, 2021 21:11 ET (01:11 GMT)

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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