Market Update: STI ends higher along with Asian peers

The Straits Times Index climbed by 48.96 points or 1.67% on Thursday, ending the day's trade at 2,973.54.

Most Asian stocks also traded in the green for the day as the US Federal Reserve assured that its monetary policy would remain low for an extended period.

Advancers outnumbered losers, 329 to 184, with about 2.23-billion securities worth S$1.96-billion changing hands.

Top performers for the day were Singapore Airlines with 7.25% or S$0.34 in gains, Sembcorp Industrial was up by 6.02% or S$0.10, and UOB went higher by about 3.22% or S$0.77 on the back of strong results announced this week.

Wall Street, meanwhile, flickered red for the day as tech stocks were sold off, and investors raised concerns over the rapid rise in Treasury yields.

The S&P 500 shed about 2.45% or 96.09 points to end the day's trade at 3,829.34. The NASDAQ also lowered by 3.52% or 478.54 points, reaching 13,119.43, while the Dow Jones Industrial went down by about 559.85 points or 1.75% to 31,402.01.

London's blue-chip index was also in the red, dragged by defensive sectors such as consumer staples and healthcare.

The FTSE 100 ended down by 0.11% or 7.01 points at 6,651.96. The FTSE 250 also lowered by 0.54% or 114.53 points, closing at 21,198.12.