Singapore shares are notably higher, drawing strength from solid gains in Hong Kong, after regulators said a highly anticipated trading link between the special administrative region and Shanghai will start operation next Monday.
The so-called Shanghai-Hong Kong Stock Connect allows international money managers to buy a net 13 billion yuan ($2.6 billion) worth of Chinese stocks a day, and provides a route for mainland investors to buy Hong Kong shares.
The Hang Seng Index and Shanghai Composite Index rose 1.8% and 1.2% respectively at 10:38am (0238 GMT).
Gainers outnumbered decliners in Singapore by more than 1.5 to one.
The Straits Times Index rose 0.7% to 3,309.97.
Banks were among the key gainers. DBS rose 1.6% to $19.64, OCBC climbed 0.7% to $10.20 and UOB added 1% to $23.54.
Singapore shares are notably higher, drawing strength from solid gains in Hong Kong, after regulators said a highly anticipated trading link between the special administrative region and Shanghai will start operation next Monday.
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