STI +0.7% at 3230.83 midday, breaching previous 3220 peak to reach highest point since May 2008 as investors expect Singapore to benefit from increased money flows into Asia with U.S Fed likely poised to turn on liquidity taps.

“There have been a lot of reports that seem quite certain the Fed is going to print half a trillion dollars, that is quite a big sum...that’s why funds are buying our market in anticipation of tonight's announcement...the more money is pumped in, the more will leak out,” says Goh Mou Lih, research head at Asiasons WFG. 

 

Adds, HK market +1.7%, also following same trend. Freight Links (F01.SG) top-traded, +12.5% at $0.09; firm announced mid-October sale, leaseback of properties to Sabana — with S$99.4 million net proceeds--which last week got in-principle approval from MAS for REIT management license. 1.17 billion shares traded, gainers beat decliners 2.3 to 1. Next hurdle tipped at 3267.