Singapore Stocks Open the Week in Red

2026-04-13 02:06 By Czyrill Jean Coloma 1 min. read

The Straits Times Index slipped 0.3% to 4,975 on Monday, trimming gains from the previous week and tracking Asian peers lower amid renewed geopolitical concerns following the breakdown of US–Iran peace talks.

Over the weekend, the two sides failed to reach an agreement, while US President Donald Trump announced a full naval blockade of the strategically vital Strait of Hormuz, a move that heightens the risk of renewed global market volatility.

Despite the modest pullback, Singapore equities remained relatively resilient, with losses milder than those of regional peers and the index still seen as capable of retesting record highs.

Support came from a strong Singapore dollar and expectations surrounding the Equity Market Development Programme, which could boost local market inflows.

Among individual stocks, losses were seen in DBS Group Holdings (-0.2%), United Overseas Bank (-0.5%), Singapore Exchange (-1.4%), and Hongkong Land Holdings (-1.4%).



News Stream
Singapore Stocks Open the Week in Red
The Straits Times Index slipped 0.3% to 4,975 on Monday, trimming gains from the previous week and tracking Asian peers lower amid renewed geopolitical concerns following the breakdown of US–Iran peace talks. Over the weekend, the two sides failed to reach an agreement, while US President Donald Trump announced a full naval blockade of the strategically vital Strait of Hormuz, a move that heightens the risk of renewed global market volatility. Despite the modest pullback, Singapore equities remained relatively resilient, with losses milder than those of regional peers and the index still seen as capable of retesting record highs. Support came from a strong Singapore dollar and expectations surrounding the Equity Market Development Programme, which could boost local market inflows. Among individual stocks, losses were seen in DBS Group Holdings (-0.2%), United Overseas Bank (-0.5%), Singapore Exchange (-1.4%), and Hongkong Land Holdings (-1.4%).
2026-04-13
Singapore Stocks Pull Back from 3-Week High
The Straits Times Index fell 16 points, or 0.3%, to 4,979 in Thursday morning trade, reversing gains from the previous session. The broader index pulled back from a three-week high reached on Wednesday, when US futures rallied after US President Trump announced a two-week ceasefire between the US-Israel coalition and Iran. The losses followed a decline in US futures amid a fragile US-Iran ceasefire. Traders also awaited the upcoming monetary policy meeting next week, amid rising oil prices in March that could put upward pressure on inflation. Most sectors traded in the red, including non-energy minerals, manufacturing, and retail trade. Among the biggest laggards were Wilmar International (-2.5%), City Developments (-1.9%), Hong Kong Land Holdings (-1.6%), and Singapore Airlines (-1.5%).
2026-04-09
Singapore Stocks Climb to 6-Week Peak
The Straits Times Index rose 48 points, or 0.9%, to 5,005 in morning trade on Wednesday, following a rally in US futures, after US President Trump announced a two-week ceasefire between the US-Israel coalition and Iran. The broader index rebounded after declining in the previous session, marking its highest level since February 25. Almost all sectors traded in the green, including commercial services, non-energy minerals, technology, and finance. However, traders focused on the upcoming monetary policy meeting next week, as February inflation eased from a 13-month high in January, amid rising oil prices during the March period that could put upward pressure on the inflation rate. Early gainers included Hong Kong Land Holdings (4.4%), City Developments (3.2%), Mapletree Industrial Trust (2.6%), and Singapore Airlines (2.3%).
2026-04-08