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 up 0 56 pct
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Roundup: Singapore stocks end up 0 56 pct - Xinhua
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