Singapore stocks fall on Monday; STI down 2.2%
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Singapore stocks fell on Monday, with the Straits Times Index (STI) down 2.2% to 4,841.30. The iEdge Singapore Next 50 Index saw a slight gain of 0.1%. Frencken Group was the biggest decliner, dropping 7.2%. Overall, 144 stocks gained while 554 lost. Regional indices also declined, with Hong Kong's Hang Seng down 3.5% and Japan's Nikkei 225 down 3.5%. Sembcorp Industries was the only blue-chip gainer, while Singtel fell 5.4%. Market concerns include higher inflation, slower growth, and geopolitical tensions affecting energy markets.
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