The Straits Times Index (STI) was up 29.52 points or 1.14% at 2,608.2 at noon break today, as the market reacts to the win of Democratic candidate and former US vice president Joe Biden on Nov 8.
See: Joe Biden secures over 270 electoral votes; becomes US's 46th President
Week-on-week, the benchmark index rose 6.9% to 2611.68, reversing from its 3.3% loss amid the US presidential election and second wave of Covid-19 infections.
All 30 STI constituents, with the exception of Jardine Strategic Holdings, saw w-o-w gains, with DBS leading the charge at 11.1%.
Despite its reported 1HFY2020/2021 net loss announced on Nov 6, national carrier Singapore Airlines (SIA) gained 1.8% w-o-w.
See also: SIA reports 1H net loss of $3.47 bil on non-cash impairment and 'sharp drop' in passenger carriage
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