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Bangkok Post

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Singapore stocks hit record high; Asian FX subdued

Singapore Asia Oil

People walk at the central business district in Singapore on July 14, 2020. (File photo: Reuters)

SINGAPORE — Singapore stocks raced to a record high on Tuesday after the city-state ‌lifted its annual growth forecast on an AI-powered boost, while rising oil prices and fading peace-deal hopes kept Southeast Asian currencies under pressure.

Singapore's FTSE Straits Times Index rose as much as 1.3% to a record high of 5,774.21, putting the benchmark on track for a third straight session of gains.

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