MARKETS & INVESTING | Tim Charlton, Singapore

Market Update: STI extends gains to fourth day

The Straits Times Index notched gains for the fourth straight day, closing at 2,906.97 up by 43.96 points or 1.54%.

Its Asian peers also ended Thursday trade with modest gains amid the commotion in the US Capitol as pro- Donald Trump protesters sought to overturn election results in dramatic fashion.

Among the top gainers were Singtel with 4.35% or S$0.10 gain, DBS up by 3.46% or a S$0.87 increase, and OCBC Bank which went higher by S$0.23 or 2.28%.

On to Wall Street, most US stocks shrugged off the protesters to end the day's trading in the green.

S&P 500 climbed by 55.65 points or 1.48% to 3,803.79 while the Dow Jones Industrial ended higher by 0.69% or 211.73 points at 31,041.13. The NASDAQ also stepped up by 2.56% or 326.69 points to 13,067.48.

Meanwhile, London's blue-chip index FTSE 100 also extended gains for fourth day up by 0.22% or 15.10 points at 6,856.96. FTSE 250 also ended higher by 0.18% or 36.70 points at 21,009.86.

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