Singapore Stocks Fall to More Than 3-Month Low

The Straits Times Index (STI) dropped 23 points, or 0.4%, to 5,399 in Monday morning trade, after rising in the previous session, tracking a decline on Wall Street on Friday amid concerns over inflation and high oil prices ahead of the Fed's monetary policy decision later this week. The broader index fell to its lowest level since July 8, mainly weighed down by the technology, finance, non-energy minerals, and producer manufacturing sectors. Caution also prevailed ahead of the release of September industrial production data, following a surge in August. Traders continued to monitor the Middle East conflict and its impact on oil prices and inflation expectations, although annual inflation eased slightly in September from the previous month. Among the early decliners were SembCorp Industries (-5.2%), Yangzijiang Shipbuilding (-2.1%), SingTech (-1.7%), Ventura Corp (-1.6%), DBS Group (-0.7%), OCBC (-0.5%), and UOB (-0.5%).

The Straits Times Index (STI) fell 25 points, or 0.5%, to 5,387 in Tuesday morning trade, extending losses from the previous session, mainly weighed down by the tech, finance, non-energy minerals, and producer manufacturing sectors. The broader index declined to its lowest level since July 8, amid caution ahead of the release of September inflation data due this week, with the market expecting inflation to remain steady at 2.3%, its highest level since July 2024. High inflation has raised expectations of monetary policy tightening, though the Monetary Authority of Singapore left monetary policy unchanged last week after back-to-back moves in April and July. However, an upbeat session on Wall Street overnight capped the decline as the tech selloff eased. Among the biggest laggards were Yangzijiang Shipbuilding Holdings (-2.3%), Hongkong Land (-1.6%), OCBC (-1.2%), Wilmar International (-1.2%), and UOB (-0.7%).

Singapore stocks fell 50 points, or 0.9%, to 5,373 around noon on Thursday, extending losses from the previous month and touching their lowest level since July 8. The decline tracked a fall on Wall Street on Wednesday, weighed down by tech stocks, as hotter-than-expected inflation data raised expectations of a Fed interest rate hike. Rising oil prices also pressured sentiment amid concerns over inflation and interest rate hikes. However, the Monetary Authority of Singapore (MAS) left monetary policy unchanged on Wednesday, following GDP growth of 5.4% year-on-year in Q3 2026. Almost all sectors traded in the red, including finance, producer manufacturing, commercial services, and energy minerals. Traders also anticipated the release of September non-oil domestic exports data on Friday, following a surge in August. Among the notable decliners were Yangzijiang Shipbuilding (-4.1%), Keppel (-2.2%), Singapore Technologies Engineering (-1.6%), DBS Group (-1.3%), and OCBC (-0.7%).