Singapore stocks rise after US-Iran ceasefire announcement; STI up 0.8%

Singapore stocks rose on April 8, with the Straits Times Index (STI) up 0.8% following a US-Iran ceasefire announcement. Sats led gains, rising 4.5%, while DFI Retail Group was the worst performer, down 3.5%. Local banks had mixed results, with OCBC and UOB gaining slightly, while DBS fell. The broader market saw 481 gainers against 178 losers, with 2.2 billion securities traded. Regional indices also reacted positively, with significant gains in Hong Kong, Japan, and South Korea. Analysts noted the ceasefire alleviated immediate geopolitical tensions, prompting market relief rather than optimism.