Singapore shares rise 0.6% by midday; SingHaiyi jumps after acquiring US mall
REUTERS - Singapore shares rose on Tuesday, rebounding after a fall the previous day, but investors were likely cautious as the US federal government started partially shutting down following failed budget negotiations.
The benchmark Straits Times Index advanced 0.6 per cent to 3,189.42, while MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1 per cent higher.
Some of the biggest gainers on the index included warehouse operator Global Logistic Properties, which rose as much as 2.8 per cent to $2.97, the highest since May 22.
Shares of Singapore Technologies Engineering advanced 1.4 per cent.