Singapore shares soared at the opening bell today, rising 1 per cent, after non-oil domestic exports far exceeded economists’ estimates to climb 15.7 per cent in July.
The STI extended those gains, ending the day up 1.12%.
The rest of Asia also saw a rally - with almost all major stock benchmarks gaining. So are Asian stocks heading for their best week in a year? Is optimism flowing back to regional markets? What kind of risk assets are investors looking at?
On Market View, Hongbin Jeong speaks to Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS to find out more about the latest market movements.