Singapore's benchmark Straits Times Index rose more than 1%

Singapore's benchmark Straits Times Index (STI) rose more than 1% in recent trading sessions, reaching a new high of 4,579 index points. The index has demonstrated strong momentum over the past month, gaining 4.08% and rising 26.84% compared to the same period last year. This upward trend reflects improved investor sentiment, supported by positive developments in key economic indicators and global market conditions.

The index's recent gains were bolstered by a resilient labor market in Singapore, with total employment rising in Q3 2025 amid low unemployment and retrenchment rates. Additionally, global factors contributed to the positive momentum, including a rate cut by the U.S. Federal Reserve and strong performance in U.S. stock futures. In China, key economic planning meetings signaled continued policy support for growth in 2026.

Sector-wise, consumer durables, utilities, and producer manufacturing led the gains, with notable performers including Jardine Matheson, Hong Leong Asia, and DBS Group. The STI has shown consistent strength, reflecting broader economic confidence and regional stability.