Singapore Stocks Slide to Near 4-Week Low

2026-06-08 03:30 By Chusnul Chotimah 1 min. read

The STI Index dropped 70 points, or 1.4%, to 4,980 in Monday morning trading, losing for the third straight session and marking its lowest level since May 12, while tracking a decline on Wall Street on Friday due to a selloff in AI-related stocks.

Worries about the possibility of renewed tensions between the US and Iran also pressured sentiment after Iran struck Israel, highlighting the fragility of the ceasefire and raising concerns over the outlook for US-Iran peace talks.

Traders also anticipated the release of US inflation data and China's inflation and trade balance figures later this week.

Almost all sectors traded in the red, including electronic technology, non-energy minerals, commercial services, and process industries.

Among the early decliners were Singapore Technologies (-1.4%), City Developments (-1.3%), Singapore Airlines (-1.1%), and Singapore Telecommunications (-0.7%), while DBS Holdings and Jardine Matheson each shed 0.6%.



News Stream
Singapore Stocks Slide to Near 4-Week Low
The STI Index dropped 70 points, or 1.4%, to 4,980 in Monday morning trading, losing for the third straight session and marking its lowest level since May 12, while tracking a decline on Wall Street on Friday due to a selloff in AI-related stocks. Worries about the possibility of renewed tensions between the US and Iran also pressured sentiment after Iran struck Israel, highlighting the fragility of the ceasefire and raising concerns over the outlook for US-Iran peace talks. Traders also anticipated the release of US inflation data and China's inflation and trade balance figures later this week. Almost all sectors traded in the red, including electronic technology, non-energy minerals, commercial services, and process industries. Among the early decliners were Singapore Technologies (-1.4%), City Developments (-1.3%), Singapore Airlines (-1.1%), and Singapore Telecommunications (-0.7%), while DBS Holdings and Jardine Matheson each shed 0.6%.
2026-06-08
Singapore Stocks Hit Record High
The STI Index rose 25 points, or 0.5%, to 5,093 in Monday morning trade, extending gains from the previous two sessions and marking a record high, tracking a rally in US futures amid hopes of a US-Iran deal to end the war. Domestic data also lifted sentiment after economic growth was revised higher in Q1 to 6%, while Enterprise Singapore raised its 2026 forecast for non-oil domestic exports (NODX) growth to 3.0%–5.0% amid strong AI-related demand. The fresh data further boosted sentiment, with the current account registering its largest surplus on record in the first quarter of 2026. Electronics, non-energy minerals, commercial services, and technology services mainly drove the index, with notable gains from City Developments (2.6%), Delta Electronics (2.5%), Jardine Matheson (1.7%), SATS (1.2%), and UOB (1.0%).
2026-05-25
Singapore Stocks Hit Near 3-Month High
The STI Index rose 31 points, or 0.6%, to 5,028 around noon, advancing for the second straight session, mainly supported by gains in technology services, finance, energy minerals, communication, and retail trade. The broader index hit its highest level since February 23, amid easing oil prices after President Trump postponed a planned strike on Iran. Local data also lifted sentiment after Monday's report showed Singapore's non-oil domestic exports grew at the fastest pace since February 2012, supported by robust AI-related demand. However, traders remained cautious ahead of the PBOC’s interest rate decision due Wednesday, following disappointing Chinese economic data released on Monday. Among the top performers were City Developments Limited (3.8%), CapitaLand Investment (2.7%), Singapore Airlines (1.7%), Singapore Telecommunications (1.4%), ST Engineering (1.2%), and United Overseas Bank (0.8%).
2026-05-19