Singapore shares opened marginally higher on Tuesday, tracking overnight gains on Wall Street after the US and Iran agreed to "stand down" on attacks in and around the Strait of Hormuz and are expected to hold talks in Doha.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, rose nearly 0.06%, or 3.14 points, to open at 5,211.890.
Overnight, Wall Street rebounded amid a rally of technology stocks. The Dow Jones Industrial Average rose 0.59% to a record close, while the Nasdaq Composite jumped 2.07%, and the S&P 500 added 1.18%.
U.S. President Donald Trump said U.S. and Iranian officials will meet in Qatar on Tuesday after Tehran "requested" talks following days of reciprocal attacks that strained their interim agreement, according to AL Jazeera.
However, Iranian Foreign Ministry spokesman Esmaeil Baghaei said the Iranian delegation has no talks scheduled with the U.S. and is visiting Qatar only to secure the release of frozen assets.
Investors are now eyeing the U.S.-Iran talks on Tuesday and U.S. June jobs data, scheduled to be released Thursday, for hints on the U.S. Federal Reserve's interest rate decision at its July 28-29 meeting.