STI Falls to 3-Month Low, Heads for 2nd Weekly Loss

2026-10-09 03:19 By Chusnul Chotimah 1 min. read

Singapore stocks shed 27 points, or 0.5%, to 5,386 around noon on Friday, extending losses for a third straight session and touching their lowest level since July 8, tracking an overnight decline on Wall Street amid a tech-sector sell-off.

Traders were cautious ahead of the release of Singapore's Q3 GDP data next week, following an easing in growth in Q2.

Caution also mounted ahead of the release of US inflation data, which will help guide the Fed's monetary policy decision at its upcoming meeting, as well as China's consumer and producer price data amid continued weak domestic demand and rising oil prices.

Communication, distribution services, and industrial services mainly weighed on the index, while financials edged higher.

Among the biggest laggards were UOB (-1.8%), Space Exploration Technologies (-1.4%), DBS Group (-1.2%), and Jardine Matheson (-0.7%).

For the week, the index was heading for a 4.4% plunge, which would mark its second consecutive weekly decline.



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STI Falls to 3-Month Low, Heads for 2nd Weekly Loss
Singapore stocks shed 27 points, or 0.5%, to 5,386 around noon on Friday, extending losses for a third straight session and touching their lowest level since July 8, tracking an overnight decline on Wall Street amid a tech-sector sell-off. Traders were cautious ahead of the release of Singapore's Q3 GDP data next week, following an easing in growth in Q2. Caution also mounted ahead of the release of US inflation data, which will help guide the Fed's monetary policy decision at its upcoming meeting, as well as China's consumer and producer price data amid continued weak domestic demand and rising oil prices. Communication, distribution services, and industrial services mainly weighed on the index, while financials edged higher. Among the biggest laggards were UOB (-1.8%), Space Exploration Technologies (-1.4%), DBS Group (-1.2%), and Jardine Matheson (-0.7%). For the week, the index was heading for a 4.4% plunge, which would mark its second consecutive weekly decline.
2026-10-09
STI Hits 3-Month Low as Finance Stocks Weigh
Singapore's stocks fell 160 points, or 2.9%, to 5,448 around noon on Thursday, extending losses from the previous session and touching their lowest level since July 9, tracking a decline on Wall Street overnight amid higher US Treasury yields. Rising oil prices pressured sentiment, raising concerns over inflation and interest rates. The release of the latest FOMC minutes also pressured the index, after the Fed signalled it could raise rates again this year. Singapore's annual inflation rate rose to 2.3% in August, the highest since July 2024, while the Monetary Authority of Singapore tightened monetary policy last July. Finance, process industries, and transportation mainly weighed on the index, with notable losses from OCBC (-4.9%), HSBC Holdings (-3.5%), DBS Group (-3.4%), Bank Central Asia (-2.8%), and UOB (-2.1%)
2026-10-08
Singapore Stocks Hit 3-Week High as Banks Rise
The benchmark Straits Times Index (STI) rose 27 points, or 0.5%, to 5,738 in morning trade on Monday, extending gains from the previous session and hitting its highest level since September 8, mainly buoyed by gains in the financial, communication, and tech services sectors. The financial sector gained 0.9%, offsetting concerns over rising global bond yields, with all three local banks advancing: UOB rose 1.6%, OCBC Bank gained 0.6%, and DBS climbed 0.5%. However, traders awaited Singapore’s August industrial output data. Rising oil prices also capped the gains after US President Trump rejected Iran’s proposal to reopen the Strait of Hormuz. Caution also prevailed ahead of the release of China’s PMI data, US jobs data, and the PCE Index due later this week, which could provide clues about the Fed’s interest-rate decision at its upcoming meeting. Other early gainers included Singapore Airlines (1.1%), SATS (1.0%), and Jardine Matheson Holdings (0.7%).
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