Wall Street recovery provides optimism for Singapore

Singapore shares are set to open higher on 13 September 2011 after Wall Street recovered in late trading.

A Reuters report said the recovery was buoyed by hopes Italy could get financial support from China.

Meanwhile Singapore's benchmark Straits Times Index fell 2.9 percent on 12 September 2011 to 2,743.6 points.

“The Dow Jones industrial average gained 0.6 percent to 11,061.1. The Standard & Poor's 500 Index climbed 0.7 percent to 1,162.3. The Nasdaq Composite Index rose 1.1 percent to 2,495.0,” added the report.

View the report here.

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