Singapore and Hong Kong markets hit new highs

Pedestrians walk past a stocks display board after the Hang Seng Index leapt 1.81 percent, or 565.88 points, to close at 31,904.75 in Hong Kong on Jan 16, 2018.
Pedestrians walk past a stocks display board after the Hang Seng Index leapt 1.81 percent, or 565.88 points, to close at 31,904.75 in Hong Kong on Jan 16, 2018.PHOTO: AFP

Investor optimism that has powered a global stock market rally since the start of the year showed no signs of abating.

In Singapore, the benchmark Straits Times Index (STI) yesterday rose to its highest level in more than 10 years, while Hong Kong's Hang Seng Index ended at a record high.

The STI's actual rise of just 13.8 points was small change, but it made for a memorable day as the index was left at 3,550.21, its highest since finishing at 3,570.5 on Dec 11, 2007.

The Hang Seng, meanwhile, rose 1.8 per cent to 31,904.75, exceeding the peak reached in October 2007, and experts are saying there is a lot more to come.

SEE TOP OF THE NEWS: STI rises to highest level in over 10 years

A version of this article appeared in the print edition of The Straits Times on January 17, 2018, with the headline 'S'pore and HK markets hit new highs'. Print Edition | Subscribe