Singapore Stocks Climb to 6-Week Peak

EthereumCraftsman · 2026-04-08T02:31:18+00:00

The Straits Times Index rose 0.9% to 5,005, boosted by US futures and a US-Israel ceasefire with Iran. Most sectors gained, while traders eyed an upcoming monetary policy meeting amid easing inflation and rising oil prices.

EthereumCraftsman

2026-04-08 02:31:18

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The Straits Times Index rose 48 points, or 0.9%, to 5,005 in morning trade on Wednesday, following a rally in US futures, after US President Trump announced a two-week ceasefire between the US-Israel coalition and Iran. The broader index rebounded after declining in the previous session, marking its highest level since February 25. Almost all sectors traded in the green, including commercial services, non-energy minerals, technology, and finance. However, traders focused on the upcoming monetary policy meeting next week, as February inflation eased from a 13-month high in January, amid rising oil prices during the March period that could put upward pressure on the inflation rate. Early gainers included Hong Kong Land Holdings (4.4%), City Developments (3.2%), Mapletree Industrial Trust (2.6%), and Singapore Airlines (2.3%).

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