Singapore stocks close higher on Monday; STI up 0.5%
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Singapore stocks closed higher on Monday, with the Straits Times Index (STI) up 0.5% to 4,972.40. Gainers outnumbered losers 297 to 140, with Yangzijiang Shipbuilding leading the rise at 3.1%. The three local banks had mixed results, while the iEdge Singapore Next 50 Index increased by 1.3%. Regional indices were mixed, with Japan's Nikkei up 0.6% and South Korea's Kospi up 1.4%. Market sentiment is cautious despite a potential peace dividend and easing oil prices, according to SPI Asset Management's Stephen Innes.
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