Singapore Shares Slide as Markets React to US Curbs on China; Yangzijiang Shipbuilding Sinks 10%

MT Newswires

02-25

Singapore's stock market fell on Tuesday, mirroring regional markets reacting to US investment levers aimed at China, prompting a broad pullback in stocks.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,915.87 and 3,933.82 throughout the day. It ended the session at 3,915.87, down 11.88 points or 0.3% compared to Monday's close.

In company news, PropNex's (SGX:OYY) shares were up nearly 1% after the property investment firm's net attributable profit for the second half of 2024 declined 15% to SG$21.9 million from SG$25.8 million a year earlier.

Great Eastern's (SGX:G07) attributable profit to shareholders surged 21% in the second half of 2024 to SG$408.2 million from SG$337.4 million a year earlier.

Meanwhile, Yangzijiang Financial's (SGX:YF8) attributable profit surged 402% in the second half of 2024 to SG$197.3 million from SG$39.3 million a year earlier.

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