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Roundup: Singapore stocks end up 0 56 pct--China Economic Net

Singapore shares closed 0.56 percent higher on Wednesday, fueled by optimism over coronavirus vaccines rollout and revived U.S. Congress efforts to pass a spending package to boost the pandemic-hit economy.   U.S. markets finished higher on Tuesday after House of Representatives Speaker Nancy Pelosi invited other top congressional leaders to meet to hammer out a coronavirus relief deal. Vaccine rollout continued to make progress as Moderna s coronavirus vaccine appeared set for regulatory authorization this week.   Meanwhile, crude oil prices rose as traders focused on progress of coronavirus vaccine rollout, looking past the tightening of lockdowns in Europe and forecasts for a slower-than-expected recovery in fuel demand.

Roundup: Singapore stocks end down 0 05 pct

6:15 PM MYT SINGAPORE, Dec. 15 (Xinhua) Singapore shares closed 0.05 percent on Tuesday, as profit taking emerged after the government had announced the relaxation of social restrictions on Monday evening. Singapore s Prime Minister Lee Hsien Loong announced on Monday that Singapore will enter its Phase three of reopening on December 28, as the number of coronavirus cases continued to fall in the country. Social gatherings of up to eight people will be allowed in public, up from five currently. Meanwhile, crude oil prices dropped on demand worries due to tighter lockdowns in Europe outweighing relief from vaccination rollouts and concerns about a flare-up of tension in the Middle East. A fuel transport ship at the Saudi Arabian port of Jeddah was hit by an explosion on Monday, which the Saudis claimed a terrorist attack.

Roundup: Singapore stocks end up 0 56 pct

Roundup: Singapore stocks end up 0 56 pct
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