Asia
Singapore Shares Rise as US-Iran Agree to Halt Attacks
Singapore shares closed in green on Monday as investor sentiment improved following the US and Iran decision to hold back on their attacks.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,177.84 and 5,209.80 throughout the day. It ended the session at 5,208.75, up 17.02 points or 0.3% compared to Friday's close.In economic news, factory-gate prices in Singapore rose in May, with the Domestic Supply Price Index edging up 34.2% year over year, while the Singapore Manufactured Products Price Index grew 30.8%, according to the Singapore Department of Statistics.On the corporate front, shares of Metech International (SGX:V3M) surged over 9% at the close as it signed two separate subscription agreements to raise over SG$4 million via the subscription of 100 million shares at SG$0.040 per share.XMH Holdings (SGX:BQF) closed nearly 6% higher as it revealed plans for a share split of one-to-four based on a weighted average price per share of SG$2.2709.Meanwhile, shares of Keppel (SGX:BN4) were up under 1% at the close as its land dispute in Jakarta was escalated to the Supreme Court of Indonesia after the claimant, Trumpal Hutabarat, filed a cassation appeal, following the South Jakarta District Court's earlier ruling that made his lawsuit over the land underlying IFC Jakarta Tower 2 inadmissible.
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