The Singapore stock market has finished lower in four straight trading days, surrendering more than 115 points or 3.6 percent along the way. The Straits Times Index now rests just beneath the 3,325-point plateau and it may open under pressure again on Tuesday.
The global forecast for the Asian markets suggests initial weakness, although bargain hunting and a bump in crude oil prices may lift stocks as the day progresses. The European markets were down and the U.S. markets were mixed and the Asian bourses figure to follow the latter lead.
The STI finished sharply lower on Monday following losses from the financials, industrials and properties.
For the day, the index skidded 32.69 points or 0.97 percent to finish at 3,324.04 after trading between 3,299.81 and 3,335.68. Volume was 898.5 million shares worth 1.38 billion Singapore dollars. There were 302 decliners and 118 gainers.
Among the actives, StarHub plunged 3.30 percent, while Yangzijiang Shipbuilding plummeted 3.11 percent, Thai Beverage tumbled 3.07 percent, United Overseas Bank skidded 1.93 percent, SembCorp Industries dropped 1.79 percent, Comfort DelGro retreated 1.72 percent, Hutchison Port Holdings climbed 1.69 percent, Keppel Corp declined 1.66 percent, DBS Group shed 1.27 percent, Oversea-Chinese Banking Corporation fell 1.24 percent, CapitaLand slid 1.18 percent, Genting Singapore advanced 0.82 percent, Ascendas REIT slid 0.38 percent and Golden Agri-Resources, SingTel and Wilmar International were unchanged.
The lead from Wall Street is uninspired as stocks opened lower on Monday. They moved off the lows as the day progressed but still ended mostly in the red.
The Dow fell 103.01 points or 0.41 percent to 24,987.47, while the NASDAQ added 0.65 points or 0.01 percent to 7,747.02 and the S&P 500 dipped 5.91 points or 0.21 percent to 2,773.75.
The weakness on Wall Street reflected lingering concerns about a global trade war after the U.S. and China announced plans to impose tariffs on billions of dollars in imported goods. Traders have expressed concerns the new tariffs could negatively affect global economic growth.
In economic news, the National Association of Home Builders noted an unexpected deterioration in homebuilder confidence in June.
Crude oil futures rebounded Monday as traders took advantage of steep recent losses. July West Texas Intermediate crude added 79 cents or 1.2 percent to settle at $65.85 a barrel on the New York Mercantile Exchange.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.