Singapore's stock market experienced a decline on April 29, 2026, with the Straits Times Index (STI) falling 0.6% as the Middle East conflict entered its third month. The drop reflects ongoing investor caution amid geopolitical uncertainties.
According to verified reports, the STI closed at 3,245.67 points, down 19.45 points from the previous session. Market analysts attributed the decline to heightened risk aversion, as the conflict in the Middle East continues to disrupt global supply chains and energy markets.
Key sectors such as banking and property were among the hardest hit, with major lenders like DBS Group Holdings and United Overseas Bank seeing slight losses. The energy sector also faced pressure due to volatile oil prices.
Despite the downturn, some analysts noted that Singapore's economy remains resilient, with strong fundamentals and a diversified trade base. However, the prolonged conflict remains a key risk factor for regional markets.
