FINWIRES · TerminalLIVE
FINWIRES

Straits Times Index

^STI
IndexIndex

380 stories mentioning Straits Times IndexUpdated 2d ago

Singapore's benchmark surged Monday, tracking regional gains after a US-Iran deal to reopen the Strait of Hormuz lifted investor sentiment.

Asia

Market Chatter: Aster Chemicals Eyes Potential IPO Once New Assets Stabilize

Singapore-based refiner Aster Chemicals and Energy is open to an initial public offering but is unlikely to rush into it, Business Times reported Saturday, citing deputy chief executive Andre Khor.The company would consider a listing only after its recently acquired assets are "on a stronger footing," the report said.Aster recently acquired Shell's Pulau Bukom refinery as well as several energy and chemical assets on Jurong Island, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^STI
Asia

Market Chatter: Singapore Dollar Poised to Strengthen Against US Dollar in H2

The Singapore dollar is expected to strengthen against the U.S. dollar during the second half of the year, Bloomberg News reported on Monday.According to strategists' estimates, the currency is expected to end the year at 1.26 against the US dollar, representing a gain of around 2.4%, the report said.Meanwhile, the Australia & New Zealand Banking Group is expecting the Monetary Authority of Singapore to further tighten, which could strengthen the dollar to 1.2550 by the end of the year, the report noted.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^STI
Asia

Market Chatter: MGX Looks to Acquire Singapore-Based Data Center Operator DayOne

Abu Dhabi-backed AI investor MGX is considering acquiring Singapore-based data center operator DayOne as it works with an investment bank to prepare for the deal, Reuters said in an exclusive report on Friday, citing three sources familiar with the matter.DayOne, affiliated with Chinese cloud services provider GDS Holdings (HKG:9698), has been preparing for a U.S. initial public offering targeting a $20 billion valuation. However, MGX may be unwilling to match that price, the report said, citing the sources.The sources added that a deal is not guaranteed and DayOne could still go ahead with its IPO plans. Reuters had reported in May that the company was also planning a Singapore IPO, but the plans were uncertain. DayOne is being backed financially by Coatue Management, SoftBank Vision Fund, and Citadel Securities founder Ken Griffin, Reuters said.MGX did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^STIHKG:9698
Asia

Singapore Shares Muted at Open Amid Renewed US-Iran Tensions

Singapore shares were muted at the open on Monday after U.S. President Donald Trump issued a fresh warning on Sunday of possible strikes on Iran if Hezbollah continues its attacks on Israel.The Straits Times Index opened little changed at 5,189.140.The cautious sentiment came as high-level negotiations involving U.S. and Iranian officials wrapped up, with mediators Pakistan and Qatar saying talks had ended after discussions in Switzerland got off to a tense start, including objections from Tehran over Trump's public threats of military action.

^STI
Asia

Singapore Shares Slide as US-Iran Switzerland Talks Called Off

Singapore shares snapped their winning streak on Friday as the US-Iran negotiations in Burgenstock, Switzerland were called off following Israel's airstrikes on Lebanon.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,159.95 and 5,226.03 throughout the day. It ended the session at 5,192.70, down 20.14 points or 0.4% compared to Thursday's close.On the corporate front, Lum Chang Creations (SGX:LCC) creations was down over 3% as its parent, Lum Chang (SGX:L19), proposed to sell up to 12.3 million shares for around SG$9.3 million, as part of regulatory requirements for the unit's proposed transfer to the Mainboard of the Singapore Exchange Securities Trading.Meanwhile, shares of Mooreast (SGX:1V3) were up nearly 1% at the close as the mooring company agreed to assume the SG$13.0 million shareholder loan of subsidiary Mooreast Asia and extend its maturity by five years to Nov. 23, 2031.

^STISGX:1V3SGX:L19SGX:LCC
Asia

Singapore Adds Crypto Exchange Bybit to Investor Alert List

The Monetary Authority of Singapore has added Dubai-based cryptocurrency exchange Bybit Fintech to its investor alert list on Wednesday.The exchange was added as it has never been licensed to operate in the city-state, Bloomberg reported Thursday.MAS said on its website that entities in the list may be or may have been wrongly perceived as being licensed by the regulator, among other reasons.Meanwhile, the company has confirmed its inclusion on the list and is engaging with the regulator, according to its official post on X.

^STI
Asia

Singapore Welcomes US-Iran Peace Deal, Commends Mediators

Singapore has welcomed the signing of a memorandum of understanding between the U.S. and Iran to end hostilities and establish a framework for further negotiations, according to an official statement by the Ministry of Foreign Affairs on Thursday.The ministry commended the mediatory role played by Pakistan and Qatar to broker an interim deal between the two sides, while also welcoming the commitment to reopen the Strait of Hormuz.U.S. President Donald Trump signed the deal in France during the G7 summit, while the president of Iran, Masoud Pezeshkian, signed the document on Wednesday.

^STI
Asia

Market Chatter: Singapore to Launch Two BTO Projects in October

Singapore's Housing and Development Board is slated to launch two build-to-order (BTO) projects in Bayshore housing state in its next sales exercise in October, according to a report by the Straits Times on Thursday.The BTO projects will offer a total of 2,500 flats, alongside another project in Tengah, the report added.Around 1,240 of these flats will be reserved for seniors and singles, the report noted.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^STI
Asia

Singapore Reclaims Top Spot in IMD Global Competitiveness Ranking

Singapore has reclaimed the top spot in IMD business school's annual world competitiveness ranking, surpassing Switzerland, according to a report released on Thursday.The city-state displaced Switzerland from the top, based on its economic performance, business, government efficiency and infrastructure.Switzerland's descent to number three was largely due to weaker economic performance, driven by high U.S. tariffs and lower foreign direct investment in 2025, according to IMD professor, Arturo Bris, as cited by the Reuters in a report on Thursday.

^STI
Asia

Singapore Shares Open Marginally Higher on US-Iran Deal, Hormuz Reopening

Singapore shares opened marginally higher on Friday as investor optimism rose following Washington and Tehran signing an agreement earlier this week that marked an end to the months-long war in the Middle East.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, rose 0.02%, or 1.059 points, to open at 5,213.90.Under the deal signed on Wednesday night, the US military lifted a blockade on Iranian ports. In addition, the Strait of Hormuz is gradually going back to previous operational levels, with the Joint Maritime Information Center saying earlier on Friday that the maritime security threat level in the key waterway has been reduced to moderate.As of Friday, a 60-day negotiating window between Washington and Tehran has officially begun, which will likely require multiple extensions before a final agreement can be finalized, even as the ceasefire is expected to hold, retired US senior naval officer Harlan Ullman told Al Jazeera from Washington, DC.

^STI
Asia

Singapore Shares Continue Ascent as US-Iran Sign Interim Peace Deal

Singapore shares remained in the green on Thursday, despite mixed sentiment across the region, as the US and Iran reached an interim peace deal to end hostilities.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,120.18 and 5,212.84 throughout the day. It ended the session at 5,212.84, up 36.38 points or 0.7% compared to Wednesday's close.Both sides have agreed to an immediate and permanent termination of military operations, with the two parties now aiming to achieve a final deal in 60 days.In economic news, economists have slightly lowered their median forecast for Singapore's 2026 GDP growth to 3.5% from the 3.6% projected in March, according to the June Survey of Professional Forecasters by the Monetary Authority of Singapore.On the corporate front, shares of Eurosports Global (SGX:5G1) were up over 8% at the close as it completed the issuance and allotment of 26.5 million shares at SG$0.075 per share to Align Auto.Centurion (SGX:OU8) acquired a 25% stake in its second student accommodation development in Perth, Australia, for a cash consideration of AU$250,000.Meanwhile, SDAI (SGX:5TI) secured a SG$600,000 loan facility via a funding agreement with private investor Tan Kooi Jin, to make prepayments for AKG longevity and anti-ageing products from suppliers.

^STISGX:5G1SGX:5TISGX:OU8
Asia

Correction: Singapore Shares Closed Wednesday in the Green Ahead of the US Federal Reserve Policy Decision

(Corrects the highest and lowest ranges of the STI Index since the indices reported global interruption, which impacted the accuracy from their service provider)Singapore shares remained in the green zone on Wednesday, tracking broader regional gains as investors awaited the US Federal Reserve's upcoming policy decision under chairman Kevin Warsh.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,140.77 and 5,194.908 throughout the day. It ended the session at 5,176.46, up 59.60 points or 1.2% compared to Tuesday's close.In economic news, Singapore's non-oil domestic exports (NODX) jumped 38.4% year over year in May, quickening from the 24.4% increase in April, according to government data.Meanwhile, Singapore's merchandise trade surplus contracted to SG$5.57 billion in May from SG$13.1 billion in the prior month, according to data from Enterprise Singapore.On the corporate front, shares of Keppel (SGX:BN4) rose over 1% at the close as it signed an indefeasible right of use agreement with an unnamed global technology company for the fourth of its five available fiber pairs on the Bifrost subsea cable system.Accrelist (SGX:QZG) closed nearly 2% lower as it signed a non-binding term sheet to acquire a 51% stake in a Chinese medical aesthetics business for 10.2 million yuan.

^STISGX:BN4SGX:F9DSGX:QZG
Asia

SoftBank-Backed Automotive Marketplace Carro Buys Australia's CarPlace

Singapore-headquartered automotive marketplace Carro has acquired Australian used-car platform CarPlace from Autoleague, according to a company release on Thursday.Under the deal, Autoleague will retain a stake in CarPlace and become an investor in Carro.The acquisition will give Carro access to showrooms in Western Australia and Queensland, while also enabling it to launch wholesale operations in Victoria.The transaction expands Carro's presence to eight markets as part of its global expansion strategy.Carro is backed by investors including SoftBank Group (TYO:9434), Cool Japan Fund and Temasek.

ASX 200^STITYO:9434
Asia

IMDA Launches SG$48 Million Program to Help Media Professionals

Singapore's Infocomm Media Development Authority launched a SG$48 million digital content and capability development program to help media professionals and companies improve their efficiency, according to a media release on Thursday.The four-year program is in line with the recent digital trend, wherein 87% of people aged 15 and above prefer video platforms for content consumption.The program will provide support for creation and distribution across all digital formats and also boost capabilities to incorporate AI in daily workflow.Additionally, media companies will be required to go through a bi-annual accreditation process before becoming eligible to participate in the program.To date, 117 companies have been accredited.

^STI
Asia

Singapore's Housing Board Launches New Build-To-Order Flats

Singapore's Housing Development Board (HDB) launched 6,952 build-to-order (BTO) flats for sale on June 17, according to a same-day company release.The flats include around 2,000 flats in Sembawang North.Seven BTO projects are up for grabs, including two planned BTO projects in Lakeview, comprising 1,221 units. The flats have been priced at discounts, via government subsidies, the release said.Meanwhile, eligible first-timer families can take advantage of the Enhanced CPF Housing Grant of up to SG$120,000.

^STI
Asia

US, Iran Sign Ceasefire Deal, Agreeing to Reopen Strait of Hormuz, Pakistan PM Says

The United States and Iran formally signed a landmark ceasefire agreement on Wednesday, with Pakistani Prime Minister Shehbaz Sharif confirming on X that the accord had been electronically signed by the presidents of both nations.Sharif, who served as mediator, said the deal carries immediate effect, with Iran pledging to reopen the Strait of Hormuz and Washington committing to lift its naval blockade as the first steps under the agreement.Trump confirmed the signing of the agreement, telling reporters outside the Palace of Versailles in France, "I signed it in Versailles... Just signed it," according to multiple reports, including from the AFP.

^BSE^HNXHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPINikkei 225^NSE^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Japan

Singapore Shares Open Higher on Steady US Fed Rate, US-Iran Deal Sign

Singapore shares opened higher on Thursday after the U.S. Federal Reserve kept its benchmark rate steady in the range of 3.50%-3.75% at its latest policy meeting on Wednesday, under newly minted chairman Kevin Warsh. Developments on the U.S.-Iran agreement front also boosted investor optimism.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, rose 0.083%, or 4.34 points, to open at 5,180.8.U.S. President Donald Trump and Iranian President Masoud Pezeshkian signed the Iran document on Wednesday night, the White House told the BBC.Key aspects of the deal comprise Iran's commitment not to develop a nuclear weapon, the restoration of shipping via the Strait of Hormuz with no transit fees for at least 60 days, the removal of U.S. sanctions, and an end to hostilities, including in Lebanon.Iranian Parliament Speaker Mohammad Bagher Ghalibaf, however, said in an interview on state TV that the Strait of Hormuz will not return to its pre-war state. The country plans to begin charging fees on ships passing through the key waterway after 60 days, according to the BBC.

^STI
International

Economists Trim Singapore 2026 Growth Forecast to 3.5%, MAS Survey Shows

Economists have slightly lowered their median forecast for Singapore's 2026 GDP growth to 3.5% from the 3.6% projected in March, according to the June Survey of Professional Forecasters by the Monetary Authority of Singapore.While the economy expanded a stronger-than-expected 6% year over year in the first quarter, forecasters expect growth to moderate to 4.3% in the second quarter.Meanwhile, inflation projections were upgraded, with headline CPI inflation for the full year now estimated at 2.3% from the previous 1.5% forecast, while the outlook for MAS core inflation was also lifted to 2% from 1.5%.They cited the escalating geopolitical tensions in the Middle East and the potential bursting of the artificial intelligence bubble or a slowdown in capital spending as the main downside risks to the outlook.

^STI
Asia

Singapore Shares Stay in Green as US Federal Reserve Policy Decision Nears

Singapore shares remained in the green zone on Wednesday, tracking broader regional gains as investors awaited the US Federal Reserve's upcoming policy decision under chairman Kevin Warsh.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,120.18 and 5,196.96 throughout the day. It ended the session at 5,176.46, up 59.60 points or 1.2% compared to Tuesday's close.In economic news, Singapore's non-oil domestic exports (NODX) jumped 38.4% year over year in May, quickening from the 24.4% increase in April, according to government data.Meanwhile, Singapore's merchandise trade surplus contracted to SG$5.57 billion in May from SG$13.1 billion in the prior month, according to data from Enterprise Singapore.On the corporate front, shares of Keppel (SGX:BN4) rose over 1% at the close as it signed an indefeasible right of use agreement with an unnamed global technology company for the fourth of its five available fiber pairs on the Bifrost subsea cable system.Accrelist (SGX:QZG) closed nearly 2% lower as it signed a non-binding term sheet to acquire a 51% stake in a Chinese medical aesthetics business for 10.2 million yuan.

^STISGX:BN4SGX:F9DSGX:QZG
Singapore's Non-Oil Domestic Exports Rise in May on AI Demand
US Markets

Singapore's Non-Oil Domestic Exports Rise in May on AI Demand

Singapore's non-oil domestic exports, or NODX, increased in May, supported by demand related to artificial intelligence, according to data from Enterprise Singapore released Wednesday.The figure expanded 38.4% year over year in May, faster than the 24.4% rise in April, and surpassing a 30% growth forecast tracked by Investing.com.Electronics NODX surged 94.8% year over year in May, faster than the 66.7% rise in the previous month on high AI demand.Integrated circuit exports soared 80.9%, contributing SG$1.6 billion, while disk media products surged 227.8% to SG$1.1 billion, and personal computers jumped 140.9% to SG$600 million.Non-electronic NODX grew 17.7% in May, accelerating from 10.9% in April, led by a 102.6% rise in pharmaceutical exports, contributing SG$1 billion.Specialized machinery rose 66.9%, contributing SG$900 million, while non-monetary gold exports increased 83.2% to a SG$400 million contribution.By country, NODX to Taiwan surged 135.2% in May, up from 33.5% in April, led by a 137.8% surge in integrated circuits and a 140.9% rise in disk media products and specialized machinery.NODX to the U.S. jumped 80.9% on a rise in pharmaceuticals, disk meida products, and PCs, while exports to China expanded 31% on specialized machinery, non-monetary gold, and integrated circuits.Non-oil re-exports, or NORX, rose 33.6%, faster than the 29.6% growth in the previous month.Electronics non-oil re-exports grew 47.5% while non-electronics NORX expanded 14.4%, up from 9.1% in April.Singapore's merchandise trade surplus contracted to SG$5.57 billion in May from SG$13.1 billion in the prior month.The latest figure missed Trading Economics' forecast of SG$7 billion in surplus.Total merchandise exports increased 39.7% year over year, faster than the 33.0% growth in April, while total merchandise imports rose 43.6% year over year, compared with a 34.5% growth in the preceding month.

^STI

Showing 161-180 of 380

Track with the FINWIRES app suite

FolioX
FolioX
Track Straits Times Index in your portfolio
WheelAI
WheelAI
Analyze Straits Times Index options with the wheel strategy
StockInsider
StockInsider
See market sentiment on Straits Times Index