Singapore Shares Rise Mirroring Overnight Gains in Europe; Hotung Investment Surges 8%
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Singapore's stock market rose on Tuesday, reflecting gains in European markets, with the Straits Times Index closing at 3,925.56, up 0.53%. Hotung Investment shares surged nearly 8% after reporting a profit of NT$155.9 million for the half-year ended Dec. 31, 2024. In contrast, Singapore Paincare's shares fell over 3% due to a 53% decline in profit to SG$453,000, while Tai Sin Electric's shares dropped over 1% despite a 129% profit increase to SG$15.9 million for the same period.
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