Singapore shares open higher on Tuesday; STI up 0.5%

All three local lenders gained ground in early trade.and removed the trio from rating watch negative.

DBS rose S$0.15 or 0.7 per cent to S$20.37, OCBC was up S$0.08 or 0.9 per cent to S$8.60, while UOB increased S$0.19 or 1 per cent to S$19.47. In the US, stocks rallied to close sharply higher on Monday as investors sought bargains among sectors hardest-hit by the coronavirus recession. The Dow Jones Industrial Average rose 410.1 points or 1.51 per cent to 27,584.06, the S&P 500 gained 53.14 points or 1.61 per cent to 3,351.6 and the Nasdaq Composite added 203.96 points or 1.87 per cent to 11,117.53.

Elsewhere in Asia, Japan's Topix index fell 0.9 per cent on Tuesday, while Australia's S&P/ASX 200 Index gained 0.6 per cent and South Korea's Kospi index rose 0.9 per cent.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

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