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Economy

Banks lift Singapore stocks this week, Malaysia little changed

KUALA LUMPUR (NewsRise) -- Singapore's stocks rose for a third consecutive week, as heavyweight banking shares extended gains amid expectations of higher U.S. interest rates.

Singapore's FTSE Straits Times index rose 1.1% to 3,025.07 on Friday, to end the week 2.1% higher. The index is trading its highest levels in 14 months, comfortably closing the week above the psychologically important 3,000 level.

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