SINGAPORE share prices opened higher on Monday with the Straits Times Index up 6.74 points to 3,456.92 at 9.08am.
This was despite US stocks ending weaker on Friday after Federal Reserve chair Janet Yellen said the central bank was poised to raise interest rates this year, in line with Wall Street's expectations, if the economy keeps improving as forecast.
Japan also announced on Monday that exports rose 8 per cent in April from a year earlier, up for an eighth straight month, underlining a gradual pickup in external demand.
The exchange's biggest movers in early trading include local banking plays such as DBS and OCBC, which analysts have said will see their return on equity benefit from an interest rate increase.
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This was despite US stocks ending weaker on Friday after Federal Reserve chair Janet Yellen said the central bank was poised to raise interest rates this year, in line with Wall Street's expectations, if the economy keeps improving as forecast.
Japan also announced on Monday that exports rose 8 per cent in April from a year earlier, up for an eighth straight month, underlining a gradual pickup in external demand.
The exchange's biggest movers in early trading include local banking plays such as DBS and OCBC, which analysts have said will see their return on equity benefit from an interest rate increase.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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