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Singapore Shares Gain More Than 1% Over US-Iran Peace Hopes; Salt Investments Surges 33%

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Singapore shares surged more than 1% at the close of trading on Tuesday, tracking broader regional gains, as investor sentiment received a boost from hopes of the US and Iran reaching a peace deal despite recent skirmishes.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,027.30 and 5,097.42 throughout the day. It ended the session at 5,097.42, up 59.56 points or 1.2% compared to Friday's close.

On the corporate front, Salt Investments' (SGX:FQ7) shares surged over 33% at the close as its attributable loss to equity holders widened 136% to SG$12.6 million in the fiscal second half ended March 31 from SG$5.3 million a year earlier.

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