STI, KLCI tick up amid positivity on US-China, Malaysia trade and Asean engagement

[SINGAPORE] Asian markets opened higher on Monday (Oct 27) morning after trade talks at the 47th Asean summit over the weekend, where several deals were inked.
Across the two days in Malaysia, US and China officials came together to reach an interim consensus on issues ranging from shipping levies to export controls, a Bloomberg report indicated.
Singapore shares were trading in positive territory at the market open, with the Straits Times Index up 0.4 per cent or 15.4 points at 4,437.61. Across the broader market, gainers outnumbered losers 164 to 44 after 131.3 million securities worth S$125.3 million changed hands.
Singapore's banking stocks were trading higher at open. DBS was up 0.8 per cent or S$0.44 at S$53.67. OCBC rose 0.3 per cent or S$0.05 to S$16.82 and UOB climbed 0.2 per cent or S$0.06 to S$34.71.
The FTSE Bursa Malaysia KLCI ticked up 0.3 per cent to 1,613.27 in early trade on Monday. This comes on the back of the country's Prime Minister Anwar Ibrahim inking a trade agreement with US President Donald Trump, plus a critical minerals pact, on Sunday.
Across Asia, the Nikkei 225 was up over 2 per cent at 50,379.79 - crossing the 50,000 mark for the first time. South Korea's Kopsi index rose around 2.3 per cent, while the ASX 200 index inched up nearly 1 per cent.

Sumber : businesstimes.com.sg