SINGAPORE, Nov. 18 (Xinhua) -- Singapore shares closed 0.89 percent higher on Friday, as strong U.S. economic data buoyed expectations of an interest rate hike in December.
U.S. stocks edged higher, led by bank stocks on higher interest rates expectation. U.S. consumer prices posted their biggest increase in six months, while housing starts surged to a nine-year high, and jobless claims fell to the lowest level since November 1973.
U.S. Federal Reserve Chair Janet Yellen also signaled overnight that the central bank is close to raising rates as the economy continues to gain traction.
Meanwhile, strong U.S. dollar weighed on oil prices albeit hopes that the Organization of the Petroleum Exporting Countries would reach an agreement to cap production at its meeting in Vienna on Nov. 30.
Singapore's benchmark Straits Times Index rose 25.17 points to 2,838.65 points. Trading volume was 1.26 billion shares worth 1.09 billion Singapore dollars. Decliners slightly outnumbered advancers 194 to 193, while 518 stocks did not move.
Among top actives, Swee Hong Limited jumped 32 percent to 3.3 Singapore cents. The civil engineering company specializing in micro-tunneling work reported a first-quarter net profit of 25.3 million Singapore dollars, reversing from its loss of 1.6 million Singapore dollars a year ago a year ago. Its revenue for the quarter ended September increased to 12.5 million Singapore dollars from 5.1 million Singapore dollars a year ago.
TPV Technology jumped 12.5 percent to 27 Singapore cents. The manufacturer of televisions and monitors swung back to profitability in third quarter with earnings of 18.6 million U.S. dollars from losses of 26.3 million U.S. dollars a year ago, thanks to a more efficient operating structure and an 18 percent reduction in operating expenses. Its revenue came in at 2.47 million U.S. dollars compared to 2.8 million U.S. dollars a year ago.
Among top gainers, Jardine Matheson rose 2.7 percent to 56.97 U.S. dollars, whereas Jardine Cycle and Carriage became one of the top losers by falling 1.9 percent to 39.67 Singapore dollars. (1 U.S. dollar equals to 1.43 Singapore dollars)
LOS ANGELES Cheap NHL Hockey Jerseys , Feb. 12, (Xinhua) -- Effective on Sunday, Walt Disney World in Florida and California Disneyland would get more expensive, as prices on single-day tickets, annual passes and parkings were all going up.
Single-day tickets to the Disney World now run 107 U.S. Cheap Hockey Jerseys From China , 115 U.S. or 124 U.S. dollars -- depending on the season -- up from 105, 110 or 124 U.S. dollars before.
For California Disneyland, single-day tickets cost 97, 110 or 124 U.S. dollars, up from 95 Cheap Hockey Jerseys China , 105 or 119 U.S. dollars.
"Our pricing provides guests a range of options that allow us to better manage demand to maximize the guest experience and is reflective of the distinctly Disney offerings at all of our parks," Suzi Brown, director of media relations and external communications at the park, stated in the price hike announcement.
However, many people were not happy with the price hike.
"Disneyland announced increase on ticket prices Cheap Custom Hockey Jerseys , AGAIN. Soon I'll have to sell my car to be able to afford to go there," Yuti Scharan, a Los Angeles resident twitted Saturday.
"To pay so much to be able to go to Disneyland, is it really the happiest place to be?" Los Angeles resident Marquis posted on twitter as well.
On the other hand, a Disney spokesperson said the price was fair enough.
"If you compare our pricing to other forms of family entertainment Cheap Hockey Jerseys , from football games to golf events to ski passes, major concerts, we offer a great value for the money. Guests can enjoy a full day of entertainment, up to 16 hours, when at Disney Parks Cheap NHL Jerseys From China ," the spokesperson said.
The last time Disney parks increased prices were Feb. 28, 2016.
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