Singapore’s STI jumps over 3 pct; banks, property lead
September 8th, 2008 | by admin |SINGAPORE, Sept 8 (Reuters) - Singapore’s Straits TimesIndex .FTSTI jumped over 3 percent on Monday led by blue chipbank and property stocks, tracking gains in other Asian boursesafter the U.S. bailout of Fannie Mae and Freddie Mac.
By 0103 GMT, the Straits Times Index was up 3.4 percent at2,661.03 points. DBS Group (DBSM.SI: Quote, Profile, Research, Stock Buzz), Southeast Asia’s largestbank, rose 3.7 percent, while CapitaLand (CATL.SI: Quote, Profile, Research, Stock Buzz), theregion’s top property developer, jumped 7.1 percent. (Reporting by Koh Gui Qing)
