Tokyo (Nikkei Average NIK, +1.00% ) up 1%
Hong Kong (Hang Seng Index HSI, +0.31% ) up 0.3%
Shanghai (Shanghai Composite Index SHCOMP, +1.16% ) up 1.2% (at break)
Sydney (S&P/ASX 200 XJO, +0.99% ) up 1%
Seoul (Kospi SEU, +1.88% ) up 1.7%
Mumbai (Sensex 1, +0.49% ) up 0.6%
Taipei (Taiex Y9999, +0.43% ) up 0.5%
SINGAPORE share prices opened higher on Tuesday with the Straits Times Index (STI) up 16.70 points to 3,392.74 as at 9.02am, as US stocks gained on Monday ahead of the Federal Reserve meeting.
Top gainers at the market's opening include DBS, UOB and Singapore Exchange.
Meanwhile, shares of Singapore Airlines shed seven Singapore cents to S$11.96 after the airline confirmed that it has been in discussions to purchase a stake in South Korea's Jeju Air. The stock was among the top losers in early-morning trading.
Some 67.4 million shares worth S$85.9 million changed hands as at 9.02am on Tuesday, with gainers outnumbering losers 101 to 44.
MONDAY'S session for the local stock market was marked by wave of short covering in Straits Times Index stocks ahead of an expected rebound on Wall Street. However, even though the Straits Times Index recorded a seemingly impressive 13.27 points rise to 3,376.04, the buying did not extend to the broader market - at 5pm, there were 155 rises versus 284 falls in total.
Also worth bearing in mind was that the STI fell every day last week, dropping 55 points along the way and dipping into the red for the year to date. Monday's bounce meant it is now up 12 points for 2015.
