Singapore shares close 0.76% higher on Tuesday

SINGAPORE - Local shares rebounded on Tuesday after a weak start on Monday, rising 25.06 points or 0.76 per cent, to 3,313.73.

A record close on Wall Street likely helped, analysts said.

Tokyo also bounced back 2.2 per cent, after a sharp 3 per cent fall on Monday on news that the economy had fallen into a recession.

"Investors now overwhelmingly expect the government to dissolve the lower house of parliament and put off the 2015 consumption tax hike," Mr Shunichi Otsuka, general manager of research and strategy at Ichiyoshi Securities, told Dow Jones Newswires.

Some 1.27 billion shares worth $966.1 million changed hands at home.

There were 219 gainers versus 165 losers.

OLS Enterprise, formerly known as Transcu Group, was the top active, adding 0.1 cent to 1.3 cents.

Thai Beverage continued to be a hot stock too, slipping a cent to 70.5 cents.

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