Singapore Shares Rally. STI Soars 5.4%; UOB, OCBC Bank up over 7%; DBS Group, Keppel up More Than 6%; SIA Engineering up 5.8%; SIA up 4.3%

MT Newswires

10 Apr

Singapore shares mirrored a revival by regional countries after US President Donald Trump decided to halt his reciprocal tariffs for 90 days but increased tariffs on China to 125%.

The Straits Times Index $(STI.SI)$, a key benchmark for the Singapore Exchange, ranged between 3,548.45 and 3,688.19 throughout the day. It ended the session at 3,577.83, up 184.14 points or 5.43% compared to Wednesday's close.

Sats, UOB, OCBC Bank up over 7%; DBS Group, Keppel up more than 6%; SIA Engineering up 5.8%; SIA up 4.3%.

In company news, United Overseas Bank surged over 7% at the close as the bank outlined plans to increase the charter capital of its Vietnam subsidiary to around SG$520 million.

Keppel has an average rating of overweight and mean price target of SG$8.30, according to analysts polled by FactSet.

Singapore Airlines (SIA) investors react positively to the company's recent share buyback program. The national carrier's stock movement comes amid a generally upbeat market sentiment in Singapore.

shares of Oiltek International surged over 9% as the company proposed a bonus issue of up to 286,000,000 bonus shares.

Meanwhile, shares of CapitaLand Investment were up over 4%, as its lodging business unit, The Ascott, outlined plans to double its Indian portfolio to 12,000 units by 2028.

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STI Soars 5.4%; UOB, OCBC Bank up over 7%; DBS Group, Keppel up More Than 6%; SIA Engineering up 5.8%; SIA up 4.3%","media":"MT Newswires","content":"<html><head></head><body><p>Singapore shares mirrored a revival by regional countries after US President Donald Trump decided to halt his reciprocal tariffs for 90 days but increased tariffs on China to 125%.</p><p>The Straits Times Index <a href=\"https://laohu8.com/S/STI.SI\">$(STI.SI)$</a>, a key benchmark for the Singapore Exchange, ranged between 3,548.45 and 3,688.19 throughout the day. It ended the session at 3,577.83, up 184.14 points or 5.43% compared to Wednesday&#39;s close.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/04d3741132c0207c575ec0cba7bca835\" tg-width=\"560\" tg-height=\"240\"/></p><p>Sats, UOB, OCBC Bank up over 7%; DBS Group, Keppel up more than 6%; SIA Engineering up 5.8%; SIA up 4.3%.</p><p>In company news, <a href=\"https://laohu8.com/S/U11.SI\">United Overseas Bank</a> surged over 7% at the close as the bank outlined plans to increase the charter capital of its Vietnam subsidiary to around SG$520 million.</p><p><a href=\"https://laohu8.com/S/BN4.SI\">Keppel</a> has an average rating of overweight and mean price target of SG$8.30, according to analysts polled by FactSet.</p><p><a href=\"https://laohu8.com/S/C6L.SI\">Singapore Airlines</a> (SIA) investors react positively to the company&#39;s recent share buyback program. 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STI Soars 5.4%; UOB, OCBC Bank up over 7%; DBS Group, Keppel up More Than 6%; SIA Engineering up 5.8%; SIA up 4.3%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2025-04-10 18:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Singapore shares mirrored a revival by regional countries after US President Donald Trump decided to halt his reciprocal tariffs for 90 days but increased tariffs on China to 125%.</p><p>The Straits Times Index <a href=\"https://laohu8.com/S/STI.SI\">$(STI.SI)$</a>, a key benchmark for the Singapore Exchange, ranged between 3,548.45 and 3,688.19 throughout the day. It ended the session at 3,577.83, up 184.14 points or 5.43% compared to Wednesday&#39;s close.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/04d3741132c0207c575ec0cba7bca835\" tg-width=\"560\" tg-height=\"240\"/></p><p>Sats, UOB, OCBC Bank up over 7%; DBS Group, Keppel up more than 6%; SIA Engineering up 5.8%; SIA up 4.3%.</p><p>In company news, <a href=\"https://laohu8.com/S/U11.SI\">United Overseas Bank</a> surged over 7% at the close as the bank outlined plans to increase the charter capital of its Vietnam subsidiary to around SG$520 million.</p><p><a href=\"https://laohu8.com/S/BN4.SI\">Keppel</a> has an average rating of overweight and mean price target of SG$8.30, according to analysts polled by FactSet.</p><p><a href=\"https://laohu8.com/S/C6L.SI\">Singapore Airlines</a> (SIA) investors react positively to the company&#39;s recent share buyback program. 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