Singapore stocks end up 0.8%

GMT 14:57 2015 Tuesday ,20 January

Arab Today, arab today Singapore stocks end up 0.8%

Singapore stocks
Singapore - XINHUA

Singapore shares closed 0.8 percent higher on Tuesday, after China reported its economy had not slowed as far as market had feared.
China said its gross domestic product (GDP) rose 7.4 percent for all of 2014 and its third quarter expansion came in at 7.3 percent year on year compared with market expectations for 7.2 percent, with both retail sales and industrial production running ahead of predictions in December.
While growth for the year was the slowest since 1990, China's GDP is now 10 times as large as it was back then.
The Shanghai Composite Index rebounded nearly 2 percent on Tuesday after the data release, recovering a chunk of the heavy losses suffered Monday when regulators cracked down on speculative lending.
Singapore's benchmark Straits Times Index rose 26.32 points to 3,334.02 points. Trading volume was 1.23 billion shares worth 950 million Singapore dollars.


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