Singapore Nikkei futures up after China yuan move

TOKYO | Sun Jun 20, 2010 7:49pm EDT

TOKYO (Reuters) - Nikkei futures traded in Singapore rose 1.2 percent on Monday after China announced that it would make the yuan more flexible.

S&P futures climbed at the open and the yen gained slightly in early Asian trade after China announced on Saturday that it would allow more flexibility for the yuan, signaling it was ready to break a 23-month-old peg to the dollar that had come under intense international criticism.
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