Singapore stocks end higher, clocking 18% gain in 2017

Singapore stocks end higher, clocking 18% gain in 2017

Ibtimes·2017-12-30 09:05

Singapore shares ended the year on a positive note on Friday, tracking upward trend in other Asian shares, but gains were limited ahead of the New-Year holidays.

Asian shares were poised for a record close on the final trading day of 2017. The MSCI Asia Pacific Index is set for an annual gain of almost 29 percent, boosted by the region's world-beating growth.

Hong Kong led the charge with gains of 36 percent for the year, while South Korea notched up 22 percent and India 27 percent, Reuters data showed.

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Singapore Economy