The Singapore stock market has moved lower in three straight sessions, falling almost 180 points or 3.5 percent along the way. The Straits Times Index now sits just above the 4,960-point plateau although it's expected to move back to the upside on Tuesday. The global forecast for the Asian markets is cautiously optimistic on bargain hunting, with support expected especially among the technology and oil sectors. The European markets were soft and the U.S. bourse were mostly higher and the Asian markets figure to follow the latter lead. The STI finished sharply lower on Monday with damage in every sector, especially the financials and industrials. For the day, the index retreated 86.29 points or 1.71 percent to finish at 4,963.67 after trading between 4,952.66 and 4,996.40. Among the actives, CapitaLand Ascendas REIT eased 0.40 percent, while CapitaLand Investment and Mapletree Pan Asia Commercial Trust both dipped 0.79 percent, City Developments declined 1.79 percent, DBS Group slumped 1.60 percent, DFI Retail Group dropped 1.56 percent, Genting Singapore slid 0.81 percent, Hongkong Land contracted 1.63 percent, Keppel DC REIT shed 1.31 percent, Keppel Ltd lost 1.23 percent, Mapletree Industrial Trust was down 0.52 percent, Oversea-Chinese Banking Corporation tanked 2.26 percent, SATS cratered 3.26 percent, Seatrium Limited gave up 0.50 percent, SembCorp Industries slipped 1.14 percent, Singapore Airlines skidded 1.58 percent, Singapore Exchange sank 1.38 percent, Singapore Technologies Engineering plummeted 2.48 percent, SingTel retreated 1.86 percent, Thai Beverage fell 1.16 percent, United Overseas Bank nosedived 1.97 percent, UOL Group surrendered 2.00 percent, Wilmar International plunged 2.33 percent, Yangzijiang Shipbuilding crashed 2.82 percent and CapitaLand Integrated Commercial Trust and Mapletree Logistics Trust were unchanged.
The lead from Wall Street suggests mild upside as the major averages opened higher on Monday but faded as the day progressed, with the Dow slipping into the red.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.