Singapore shares remain firmly in positive territory as better-than-feared US jobs data injects life back into market; STI +1.3% at 2,825.62 midday with traders tipping resistance at Jan 21 low of 2,850.
“Economic reports appear to suggest that the US economy is on the mend,” says DMG co-head of research Terence Wong; notes 36,000 US job losses in February was pleasant surprise as expectations ran as high as 100,000.
