FX.co ★ Singapore Stocks Hit Record High

The STI Index added 25 points, or 0.5%, to reach 5,093 in Monday morning trade, extending a two-session rally and setting a new record high. The advance tracked gains in US futures amid optimism over a potential US–Iran agreement to end the war. Sentiment was further supported by stronger domestic data: first-quarter GDP growth was revised up to 6%, while Enterprise Singapore raised its 2026 forecast for non-oil domestic exports (NODX) to 3.0%–5.0%, underpinned by robust AI-related demand. Confidence was reinforced by a record current account surplus in the first quarter of 2026. Sector gains were led by electronics, non-energy minerals, commercial services, and technology services, with notable advances in City Developments (2.6%), Delta Electronics (2.5%), Jardine Matheson (1.7%), SATS (1.2%), and UOB (1.0%).