The STI Index rose 28 points, or 0.6%, to 4,921 in Tuesday morning trade, snapping a four-session losing streak and rebounding from its lowest level since March 31. The benchmark tracked gains in US futures ahead of a wave of earnings releases from major technology companies, with electronic technology, industrial services, and commercial services leading the advance.
Sentiment was further supported by Monday’s data showing industrial output surged in March at its fastest pace in three months. Still, investors remained cautious ahead of key indicators due later this week, including China’s PMI data—closely watched for insight into the outlook for Singapore’s largest trading partner—alongside US Q1 GDP and March PCE inflation, which are expected to offer fresh clues on the Federal Reserve’s policy trajectory.
Ongoing uncertainty around US–Iran ceasefire talks capped overall gains. Among the top performers were Delta Electronics (+11.6%), Venture Corp (+1.5%), Semiconductor Manufacturing Intl. (+1.4%), OCBC (+1.3%), and Singapore Tech. (+1.2%).
