Singapore Stocks Rip Higher — Watch the STI’s 4,690 Line
Singapore’s Straits Times Index rose 0.69% to 4,688.03 by mid-afternoon, hitting an intraday high of 4,690.48. Oil-related shares swung sharply as Brent crude slid to US$60.33; Sembcorp gained 0.5% while China Aviation Oil fell 1.8%. Offshore services stocks were mixed, with Seatrium up 1.38% and Nam Cheong down 3%. Gold topped US$4,395 an ounce after Venezuela headlines.