Singapore Shares Surge More Than 1% as China-US Trade Tensions Ease; Nio up 6%

MT Newswires

10/21

Singapore shares surged more than 1% on Tuesday, tracking broader regional gains, as investors responded positively to the potential easing of China-US trade tensions.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,373.38 and 4,400.39 throughout the day. It ended the session at 4,381.05, up 52.12 points or 1.2% compared to Friday's close.

In company news, shares of Hong Leong Asia (SGX:H22) plunged over 12% at the close as the president of its subsidiary, Guangxi Yuchai Machinery, Wu Qiwei, was detained by Chinese authorities.

AJJ Medtech (SGX:584) subsidiary, AJJ Healthcare Management, appointed William Ong as chief executive officer, effective Oct. 21.

Meanwhile, V2Y's (SGX:V2Y) group financial controller, Nguyen Thi Hong Nhuan, resigned from the post with immediate effect on Oct. 14.

STI up 1.2%; Nio up 6%; SIA Engineering, Yangzijiang Shipbuilding up 3%; Sembcorp, Singtel rose 2%.

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It ended the session at 4,381.05, up 52.12 points or 1.2% compared to Friday&#39;s close.</p><p>In company news, shares of Hong Leong Asia (SGX:H22) plunged over 12% at the close as the president of its subsidiary, Guangxi Yuchai Machinery, Wu Qiwei, was detained by Chinese authorities.</p><p>AJJ Medtech (SGX:584) subsidiary, AJJ Healthcare Management, appointed William Ong as chief executive officer, effective Oct. 21.</p><p>Meanwhile, V2Y&#39;s (SGX:V2Y) group financial controller, Nguyen Thi Hong Nhuan, resigned from the post with immediate effect on Oct. 14.</p><p>STI up 1.2%; Nio up 6%; SIA Engineering, Yangzijiang Shipbuilding up 3%; Sembcorp, Singtel rose 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4029124d2ca2d1719e0a3c3ae281d376\" tg-width=\"381\" tg-height=\"639\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"S59.SI","symbol_name":"新航工程","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2577233338","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577233338","pubTimestamp":1761040604,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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