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SINGAPORE: The key Straits Times Index rose 5.43 points to 2,901.86 within minutes of trading, after gaining 22.10 points on Tuesday.
Singapore stocks closed 0.77 per cent higher on Tuesday, but dealers said gains were limited amid caution ahead of key monetary policy meetings in the United States and Japan.
The Bank of Japan and United States Federal Reserve are separately to hold two-day meetings ending Wednesday at which both are expected to keep their respective interest rates at record lows.
Attention will be focused on the banks' outlook for the future, as well as any possible monetary moves.
"Everyone is expecting the Fed to leave rates unchanged, but the wording of the statement may bring some life to the market," a trader said.
- CNA/sc
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