Singapore's FTSE Straits Times Index rose 0.85% to close at 3335.32, tracking Wall Street gains overnight.
Tuesday's Fed speakers refused to be as bullish as St. Louis Fed President James Bullard, which prompted "fast money" to pile back into a hope versus reality rally, Oanda senior market analyst Jeffrey Halley says.
Best performers on the STI included Genting Singapore, climbing 2.5%, and Singapore Technologies Engineering, adding 1.7%.
Banks were also higher, with UOB rising 2.2%, OCBC gaining 1.7% and index heavyweight DBS up 0.7%.
Meanwhile, Keppel DC REIT slid 5.9% after its 1Q net property income fell on year.
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The Singapore stock exchange is similar to our political scene - stable and very very boring. On the equity front, there is nothing to scream about; nothign really exciting. Think the retirees will find solace in such investment environment.
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