Singapore's stock market closed in the negative territory on Tuesday after US equities fell overnight with US treasury bond yields warning of inflation.

The Straits Times Index, a key benchmark for the Singapore Exchange, ranged between 3,572.71 and 3,605.41 throughout the day. It ended the session at 3,575.69, down 23.50 points or 0.65% compared to Monday's close.

In economic news, Singapore's foreign exchange reserves fell to SG$499.72 billion in September from SG$501.28 billion in August, according to preliminary data from the Monetary Authority of Singapore.

In company news, shares of DASIN RETAIL TRUST surged over 6% on Tuesday's close after the trust said that its majority directors disagreed with its minority directors over the decision to replace the legal representative and executive director of its Chinese subsidiaries.

Zheneng Jinjiang was down over 1% at the close after the company repurchased 150,000 shares at SG$0.40 each, under its buy-back mandate, which allows for a maximum of 145.4 million shares.

Meanwhile, OUE Healthcare's joint venture hospital, Changshu Hospital, entered into a healthcare alliance agreement with China's Shanghai Changzheng Hospital.

Nio fell 14%, SingPost fell 6.4%, Yoma Strategic fell 4.3%, SIA fell 1.2%, YZJ Shipbldg fell 1.2%.