The Singapore stock market headed has finished lower in three straight sessions, sliding almost 55 points or 1.7 percent along the way. The Straits Times Index now rests just above the 3,260-point plateau and it's expected to take further damage on Tuesday.
The global forecast for the Asian markets is broadly negative thanks to heightening fears of a trade war and a drop in crude oil prices. The European and U.S. bourses were firmly in the red and the Asian markets are tipped to follow suit.
The STI finished modestly lower on Monday following losses from the financial shares and plantation stocks, while the industrials were mixed.
For the day, the index sank 26.56 points or 0.81 percent to finish at 3,260.84 after trading between 3,246.92 and 3,285.69. Volume was 1.9 billion shares worth 1.1 billion Singapore dollars. There were 270 decliners and 139 gainers.
Among the actives, Yangzijiang Shipbuilding plummeted 3.14 percent, while Golden Agri-Resources plunged 3.03 percent, Genting Singapore tumbled 2.44 percent, Wilmar International skidded 2.23 percent, Thai Beverage dropped 1.96 percent, Hutchison Port Holdings retreated 1.75 percent, Keppel Corp advanced 1.42 percent, Oversea-Chinese Banking Corporation declined 1.28 percent, CapitaLand shed 1.24 percent, Comfort DelGro lost 0.90 percent, DBS Group slid 0.86 percent, SembCorp Industries added 0.72 percent, United Overseas Bank dipped 0.34 percent, SingTel fell 0.32 percent and CapitaLand Commercial Trust and Singapore Technologies were unchanged.
The lead from Wall Street is extremely weak as stocks showed a substantial move to the downside on Monday as the Dow closed lower for the ninth time in ten sessions.
The Dow tumbled 328.09 points or 1.33 percent to 24,252.80, the Nasdaq plunged 160.81 points or 2.091 percent to 7,532.01 and the S&P 500 slumped 37.81 points or 1.37 percent to 2,717.07.
Ongoing concerns about a global trade war fueled to the weakness on Wall Street after reports that President Donald Trump plans to ban Chinese companies from investing in U.S. technology firms and block additional tech exports to Beijing.
In economic news, the Commerce Department reported a bigger than expected rebound in new home sales in May.
Crude oil futures were lower Monday amid continued trade tensions and expectations for rising oil supplies. Also, the dollar further strengthened, denting most commodities as WTI oil for August fell 36 cents to $68.22 a barrel.
Closer to home, Singapore will see May data for industrial production later today; in April, output was up 0.2 percent on month and 9.1 percent on year.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.