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>Singapore stocks opened higher with the benchmark Straits Times Index up 58.47 points, or 2.07 per cent, at 2,883.38, led by gains in financials such as top lender DBS Group and SGX.
Some 24 million shares exchanged hands. Gainers beat losers 133 to 12.
US stocks jumped on Thursday, capping a tumultuous week, on optimism that giving Fannie Mae and Freddie Mac a bigger role in the mortgage market will ease a credit crunch that claimed Bear Stearns as its biggest victim.
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