Singapore Stock Market (STI)Quote - Chart - Historical Data - News

Singapore stocks fell 59 points, or 1.0%, to 5,659 around noon on Tuesday, erasing gains from the previous two sessions and touching their lowest level since August 6. The index tracked a fall on Wall Street overnight, weighed by a semiconductor stock selloff amid concerns over AI investment. Fresh data from China also pressured sentiment, as retail sales growth came in below expectations, investment and house prices continued to decline, and unemployment hit a five-month high, although industrial output growth beat forecasts. Traders also anticipated the Fed's monetary policy decision this week following faster-than-expected inflation data last week, while concerns over higher oil prices persisted. Consumer non-durables, producer manufacturing, and finance stocks mainly weighed on the index, with the biggest laggards including Jardine Matheson Holdings (-2.8%), UOB (-1.9%), OCBC (-1.9%), Hongkong Land Holdings (-1.1%), and DBS Group (-0.9%).

Singapore stocks rose 55 points, or 1.0%, to a new record high of 5,803 around noon on Friday, up for the third straight session and tracking an upbeat session on Wall Street overnight amid easing US Treasury yields. The broader index crossed the 5,800 level for the first time, mainly buoyed by gains in communication, non-energy minerals, and finance. However, rising oil prices capped the gains amid heightened inflation concerns and reinforced expectations of an interest rate hike amid escalating Middle East tensions. Traders also anticipated the release of Singapore’s retail sales figures for July and US jobs data due later today. Caution was also building ahead of the release of China’s consumer and producer prices, as well as trade data due next week. Among early gainers were Hong Kong Land (4.2%), Yanzijiang Shipbuilding (3.6%), City Developments (2.4%), OCBC (1.2%), and UOB (1.1%). For the week, the index is heading for a 1.8% rise.

Singapore stocks rose 36 points, or 0.6%, to a record high of 5,780 around noon on Thursday, extending gains from the previous session and tracking a rally on Wall Street overnight, buoyed by heavyweight tech stocks. The latest data also lifted sentiment, after a private survey showed Singapore’s private sector continued to grow solidly in August. Non-energy minerals, transportation, producer manufacturing, and finance mainly supported the broader index. However, traders anticipated the release of July retail sales data on Friday, after retail sales accelerated in June. Rising oil prices capped the gains amid heightened inflation concerns and reinforced expectations of an interest rate hike amid escalating Middle East tensions. Among the top gainers were DFI Retail Group (3.4%), Hong Kong Land (2.8%), Yangzijiang Shipbuilding (1.7%), DBS Group (1.3%), and OCBC (1.2%).