Singapore shares close higher on weak China data, Dow futures’ surge

The Straits Times Index (STI) bounce 45.47 points or 1.75 per cent to 2,638.47 as traders bet on Wall Street – which was closed on Monday for Martin Luther King Day – rebounding from Friday’s devastating loss on Tuesday and more government stimulus in China.
Turnover amounted to 1.24 billion units worth S$1.28 billion, the second highest so far in 2016 after S$1.6 billion was traded on Jan 7. Excluding warrants, the advance-decline score was 306/126.

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