0315 GMT - Singapore's equities rally has room to run, with the FTSE Straits Times Index reaching yet another record high in early trade. The index went past the psychologically important 4000 level at least three times last week, and is up 7.6% for the year. Analysts say momentum is being driven by Singapore's safe-haven appeal and upcoming market reforms. Stock market operator SGX is leading the day's gains, up 2.7% after reporting trading statistics for June. Other gainers include UOL, which rises 0.9%, and Singtel, up 1%. REITs such as Mapletree Logistics Trust and CapitaLand Ascendas are up 1.7% and 1.1%, respectively. Meanwhile, Hongkong Land falls 1.4% and DFI Retail Group declines 1%. The STI was last up 0.4% at 4074.28. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
July 09, 2025 23:15 ET (03:15 GMT)
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