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Politics : Formerly About Applied Materials
AMAT 301.11+6.9%Jan 9 9:30 AM EST

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To: StanX Long who wrote (61419)3/5/2002 1:26:04 AM
From: StanX Long  Read Replies (1) of 70976
 
Straits Times Index jumps after Wall Street rally
Tuesday March 5, 9:10 AM

sg.news.yahoo.com

SINGAPORE (Reuters) - Singapore shares extended their rally on Tuesday morning following a strong rally on Wall Street on hopes of an economic and earnings recovery.

The Straits Times Index, which jumped 5.03 percent on Monday, rose 1.96 percent to 1,843.53 at the opening.

After three minutes of trade, the index hovered at 1,846.30, a new 12-month high.

The rise followed five consecutive sessions of gains, boosting the benchmark index by about 11 percent.

Rises in technology stocks, banks and transportation firms helped boost the index, which has outperformed markets like Hong Kong and Wall Street this year.
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