Central Asia

East Asia

Middle East Asia

Northern Asia

South Asia

Southeast Asia

Western Asia

Home / sti

sti

Stay updated with the latest news and articles about sti.

Latest Articles

Singapore stocks surge as market optimism rebounds; STI gains 1.1%

Singapore ·

The STI’s performance was marked by a strong advance in market sentiment, mirrored by gains across Asian markets. Japan's Nikkei 225 led the charge with a substantial 3.6% increase, while South Korea’s Kospi and Hong Kong’s Hang Seng rose by 2% and 1.9%, respectively. The Australian market also showed significant strength, climbing 1.3% to reach a two-week high, culminating in a 2.5% gain for the week. This surge came on the heels of positive developments on Wall Street, where favorable economic data helped to alleviate recession concerns that had previously weighed heavily on markets.

By Ishita Agarwal
blank

Yangzijiang Shipbuilding spurs 0.7% rise in STI as regional markets rally

Singapore ·

Yangzijiang Shipbuilding reported a robust 77% increase in profit for the six months ending June 30, reaching 3.1 billion yuan (S$572 million). Revenue for the period also saw a substantial rise of 15%, totaling 13 billion yuan. The company's strong performance was underpinned by a record-high order backlog, which DBS Bank analyst Ho Pei Hwa cites as a key factor for sustained earnings visibility through 2026. Hwa’s research note highlights the shipbuilder’s strategic shift towards cleaner vessel technologies, such as dual-fuel container ships and gas carriers, which now make up approximately 70% of its order book. This pivot is expected to attract further interest from Environmental, Social, and Governance (ESG) funds,

By Ishita Agarwal
blank

Singapore’s STI slumps 1.4% amid speculation on federal reserve rate cuts

Singapore ·

The STI, which tracks the performance of Singapore's top companies, closed sharply lower, driven by investor concerns over the implications of possible changes in U.S. monetary policy. The recent sell-off comes amidst growing discussions in financial circles about whether the Federal Reserve will implement rate cuts to address economic slowdowns and inflationary pressures in the United States.

By Ishita Agarwal
blank

Singapore stocks lose ground as SIA declines and fed maintains rates; STI falls 1%

Singapore ·

The downturn was significantly influenced by a notable drop in Singapore Airlines (SIA) shares, which fell sharply following the airline's weaker-than-expected quarterly earnings report. The decline in SIA's stock price not only weighed heavily on the broader index but also reflected broader concerns about the airline sector's recovery trajectory amid persistent economic uncertainties.

By Ishita Agarwal