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Singapore shares snap 3-day losing streak to end higher

Singapore shares snapped a 3-day losing streak on Tuesday to end higher on bargain-hunting.

SINGAPORE: Singapore shares snapped a 3-day losing streak on Tuesday to end higher.

Dealers said stocks were lifted by bargain-hunting, despite concerns about China's economic slowdown and pressures from emerging markets' turmoil.

Other Asian markets were also relatively calm after a global sell-off that saw heavy losses in recent sessions.

The Straits Times Index gained 19.98 points, or 0.66%, to close at 3,062.41.

However on the broader market, declining issues outnumbered advancers by 214 to 183.

Total volume stood at 2.09 billion shares valued at S$1.17 billion.

Banks finished firmer, with DBS rising 8 cents to S$16.65, UOB gaining 21 cents to S$20.31, and OCBC Bank adding 3 cents to S$9.47.

Telco stocks also ended stronger -- SingTel rose 5 cents to S$3.55, while Starhub moved up 6 cents to S$4.25.

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