Singapore, Asia stocks rise following US-Iran ceasefire agreement
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Asian markets rose on April 8 following US President Trump's announcement of a two-week ceasefire with Iran. The Straits Times Index (STI) increased by 1.21% to 5,018.19 points, driven by gains in Singapore banks. DBS, UOB, and OCBC saw respective increases of 0.1%, 1.5%, and 2.2%. Other regional markets also advanced, with Malaysia's KLCI up 0.9%, Japan's Nikkei up 4.8%, South Korea's Kospi up 5.2%, and Australia's ASX up 1.8%. US-Iran talks are scheduled to begin on Friday in Islamabad.
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