Singapore blue chips rise 2.2% after Trump says Iran war will end ‘very soon’

Singapore's blue-chip stocks rebounded following Trump's comments suggesting the war with Iran will end soon. Read more at straitstimes.com.

SINGAPORE - Blue-chip counters in Singapore rebounded on March 10 after US President Donald Trump said overnight that the war with Iran would be over “very soon”.

The Straits Times Index (STI) rose 104.03 points or 2.2 per cent to 4,860.64. The iEdge Singapore Next 50 Index, however, slid 2.7 per cent or 38.67 points to 1,417.06.

China-based shipbuilder Yangzijiang Shipbuilding was the only STI constituent that closed lower, falling 1.2 per cent or five cents to $4.05.

Another company in the Yangzijiang stable, Yangzijiang Financial, was the worst performer on the iEdge Singapore Next 50 Index. The investment and fund management company fell 3.8 per cent or one cent to $0.25.

Hong Kong-based Jardine Matheson was the STI’s biggest gainer on March 10, rising 7.7 per cent or US$5.59 to US$78.40.

The banking trio all finished higher. DBS gained 2.5 per cent or $1.34 to $55.65; OCBC was up 2.3 per cent or 47 cents at $20.93; and UOB rose 2.1 per cent or 74 cents to $36.25.