Singapore Recover as Trump Walks Back on EU Threats

MT Newswires

01/22

Singapore shares recovered to surge on Thursday, tracking regional gains as US President, Donald Trump, walked back on his threats to impose tariffs on European countries over Greenland.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,821.50 and 4,844.50 throughout the day. It ended the session at 4,828.32, up 18.44 points or 0.4% compared to Wednesday's close.

In corporate news, shares of Toku (SGX:TKU) surged over 14% at the close as the cloud-native AI-powered customer experience platform made its debut on Singapore Exchange's Catalist board, opening at SG$0.26 per share.

Digilife Technologies (SGX:BAI) was up nearly 7% as it completed the disposal of its entire stake in Bharat IT Services after its subsidiary, Peremex, received the tranche 2 consideration of SG$1.1 million from Prominent International.

Meanwhile, shares of HRnetGroup (SGX:CHZ) were up nearly 1% as its HRtech arm, Octomate, secured a contract by the Sentosa Development Corp. to implement an integrated cloud services system.

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