Singapore Airlines (C6L.SG) +3.1% at $15.90 vs STI +0.7%, rising sharply with solid 2.0 million shares traded, despite statement it will pay fine of US$48 million ($60.6 million) to US Department of Justice relating to charges of price fixing of air cargo, stemming from investigations from 2006.

Long green candle today almost retraces sharp loss after North Korea aggression-related selloff Nov. 23, stock still down 4.0% from October peak.

DMG says “agreeing to pay the fine appears to be an indirect admission of guilt to the price fixing charges and may have an knock-on impact to its appeal against the EUR74.8 million ($128.3 million) fine by the EU Commission.”