Despite broader regional gains, Singapore fell: the benchmark FTSE Straits Times Index dropped 0.8% to 5,629.40. RHB Research analyst Shekhar Jaiswal said the decline appears driven by profit-taking and sector rotation within Singapore, and the STI’s

2026-07-31

Despite broader regional gains, Singapore fell: the benchmark FTSE Straits Times Index dropped 0.8% to 5,629.40. RHB Research analyst Shekhar Jaiswal said the decline appears driven by profit-taking and sector rotation within Singapore, and the STI’s heavy weightings in banks, telecoms, property and industrials mean it may lag on days when regional rallies are led by tech and growth stocks.