ST Engineering buoys Singapore stocks as war jitters rattle key Asian markets; STI up 0.5%
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Singapore's Straits Times Index (STI) rose 0.5% to 4,916.65 on March 3, despite regional market declines due to war tensions in Iran. ST Engineering boosted the index with a 7.2% gain, while CapitaLand Integrated Commercial Trust fell 1.2%. Local banks had mixed results. Pictet Wealth Management noted that the conflict in Iran negatively impacts equities in the short term, but the effects are usually temporary unless the situation escalates.
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