Singapore - Singapore shares rose Tuesday, joining in global gains as an increasing number of governments are set to pump cash into their economies in the face of the international financial crisis.
The Straits Times Index rose 51.96 points, or 2.5 per cent, to close at 2,128.31.
Traders said the rise was encouraged by more governments' commitments to support cash-strapped banks and the biggest points gain in history by the Dow Jones Industrial Average on Monday.
A Singapore trader cautioned that while the surge on the Singapore Stock Exchange was subject to a correction because of global economic uncertainties and any fallout among banks, it was likely to help build confidence in the stock market.