UOB soars over 3% to hit record as OCBC also hits a high; STI jumps 1%
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Shares of UOB and OCBC Bank reached record highs on January 23, with UOB rising 3.1% to S$38.79 and OCBC up 2.7% to S$21.14. This surge contributed to a 1% increase in the Straits Times Index (STI), which hit a new peak of 4,876.03 points. The rise followed a 2.3% increase in UOB shares the previous day, aided by a rebound in Asian markets and an upgrade from Macquarie analysts.
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