The Singapore stock market has moved higher in three straight trading days, advancing more than 110 points or 3.2 percent along the way. The Straits Times index now rests just beneath the 3,450-point plateau and it may extend its winning streak on Tuesday.
The global forecast for the Asian markets is upbeat thanks to easing concerns or a global trade war and a bump in crude oil prices. The European and U.S. markets were higher, and the Asian markets are expected to follow suit.
The STI finished slightly higher on Monday following gains from the financial shares and industrial issues.
For the day, the index picked up 7.46 points or 0.22 percent to finish at 3,449.96 after trading between 3,413.90 and 3,456.81. Volume was 1.95 billion shares worth 1.2 billion Singapore dollars. There were 249 gainers and 165 decliners.
Among the actives, Yangzijiang Shipbuilding surged 2.59 percent, while CapitaLand Commercial Trust soared 1.10 percent, United Overseas Bank spiked 1.02 percent, SingTel fell 0.58 percent, DBS Group collected 0.51 percent, Hongkong Land shed 0.43 percent, SembCorp Industries added 0.33 percent, Wilmar International lost 0.32 percent, Oversea-Chinese Banking Corporation gained 0.31 percent and Hutchison Port Holdings, CapitaLand, Comfort DelGro, Golden Agri-Resources, Thai Beverage, Ascendas REIT, CapitaLand Mall Trust and Genting Singapore all were unchanged.
The lead from Wall Street is positive as stocks moved sharply higher on Monday after taking heavy damage on Friday. Much of the upside vanished as the day progressed, but the major averages still finished firmly in the green.
The Dow added 46.34 points or 0.19 percent to 23,979.10, while the NASDAQ gained 35.23 points or 0.51 percent to 6,950.34 and the S&P was up 8.69 points or 0.33 percent to 2,613.16.
Stocks failed to sustain early gains following President Donald Trump's conciliatory tweet to the Chinese leadership eased concerns about a potential trade war between the U.S. and China.
Stocks accelerated toward the unchanged line after a report from the New York Times that the FBI had raided the office of Michael Cohen, President Donald Trump's personal lawyer
Crude oil prices snapped Monday on easing concerns of a global trade war between the United States and China. WTI light sweet crude oil was up $1.40 at $63.46.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.