Shares of Singapore’s three local banks recovered from multi-month lows on Thursday (Apr 10), in line with a broader relief rally in financial markets across the region after United States President Donald Trump announced a surprise 90-day pause in tariffs for most countries.
Breaking an eight-day losing streak, DBS rose 6.8 per cent to S$39.67. OCBC jumped 7 per cent to S$15.43, while UOB gained 7.2 per cent to finish the trading session at S$33.21.