Despite the United States announcing a blockade of the Strait of Hormuz after negotiations with Iran broke down, the market remains hopeful that both sides will resolve the conflict through diplomatic means, leading to a rise in Wall Street stocks on Monday (April 13).
Tech stocks boosted the overall market, with the S&amp;P 500 index rising 1.02% to close at 6,886.24 points. The Nasdaq index increased by 1.23% to 23,183.74 points. The Dow Jones Industrial Average rose 0.63% to close at 48,218.25 points.
The Straits Times Index in Singapore closed down 0.11% or 5.24 points on Monday, ending at 4,984.17 points.
Here are some news items to watch for the opening on Tuesday (14th):
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<li>CNMC Goldmine announced that an independent resource assessment report shows that as of December 31, 2025, the mineral resource structure of the company's Sokor project in Kelantan, Malaysia has been adjusted compared to a year ago.</li>
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According to the carbon-in-leach (CIL) and flotation process classification, in terms of gold, the CIL processed portion increased by 27% to 1,157,000 ounces, while the flotation portion increased by 2% to 38,000 ounces, totaling 1,195,000 ounces; for silver, the CIL processed portion decreased by 31% to 118,000 ounces, and the flotation portion decreased by 14% to 4,987,000 ounces, totaling 5,105,000 ounces. Additionally, lead content decreased by 16% to 59,592 tons, and zinc content decreased by 23% to 62,316 tons.
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<li>AvePoint disclosed its fiscal year performance ending in 2025, reporting a 27% year-on-year increase in total revenue to $419 million, driven by a 36% growth in its Software as a Service (SaaS) business. Annual recurring revenue also grew by 27% year-on-year to $417 million, with a GAAP operating profit margin of 8%, and an adjusted operating profit margin of 18.9%, up from 14.4% in the previous fiscal year.</li>
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<h4>Extended Reading</h4>
US-Iran Negotiation Failure Causes Oil Prices to Surge Again, Asia-Pacific Stock Markets Mostly Down, Straits Times Index Falls 0.11%


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Keppel Ltd announced after market close that its infrastructure division has reached a strategic collaboration with the construction technology division of Chinese home appliance giant Midea Group to explore cooperation opportunities in the field of AI-enabled modular energy-efficient cooling solutions in Asia
The announcement stated that this non-exclusive collaboration will combine Keppel's advantages in Cooling-as-a-Service (CaaS) and digital optimization with Midea's capabilities in heating, ventilation, air conditioning manufacturing, and smart building systems. The modular cooling system jointly developed by both parties is expected to provide flexible and low capital expenditure solutions across multiple fields and connect to Keppel's Operations Nerve Centre.
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Acrophyte Hospitality Trust's management company disclosed that the trust has a debt of USD 198.5 million (approximately SGD 253 million) due in September this year, and the timing and terms of refinancing remain uncertain. Independent auditor Ernst &amp; Young (EY) has raised concerns about the trust's ability to continue as a going concern, noting that while the management company has obtained a non-binding letter of intent from the lending bank regarding loan refinancing, formal negotiations and due diligence are expected to occur closer to the maturity date, leaving significant uncertainty.
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The management company emphasized that the lending bank has consistently supported the trust in past refinancing processes, and they remain confident in their ability to secure the necessary refinancing by the loan's maturity and continue to comply with loan covenants.
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Octopus (APAC) announced that the Spanish food and beverage group Osborne appointed Octopus (APAC) as the local main distributor and invested SGD 5 million for equity. Both parties will collaborate to expand into the Asia-Pacific market while exploring joint product development. This partnership lasts for five years and is renewable. Octopus will be responsible for the overall distribution of Osborne's products in Singapore, including retail, food service channels, and e-commerce, as well as marketing and brand positioning. Founded in 1772, Osborne is one of the oldest beverage and food producers in Europe, owning over 30 brands and producing brandy, gin, and ham, with operations in more than 70 countries.
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Emerging Towns &amp; Cities, which is currently suspended, submitted documents to the Singapore Exchange, stating that the company has met the SGX's requirements for continued operations and funding related to resumption. The company will further apply to the SGX to confirm the date for the resumption of trading of its shares and will issue subsequent announcements as progress is made.
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After the breakdown of negotiations between the United States and Iran, the announcement to blockade the Strait of Hormuz was made, but the market still hopes for a diplomatic resolution to the conflict, leading to an increase in Wall Street stock markets. The S&P 500 index rose by 1.02%, the Nasdaq index rose by 1.23%, and the Dow Jones Industrial Average rose by 0.63%. The FTSE Straits Times Index fell by 0.11%. Zhongse Gold Mining announced a resource assessment report, showing that as of December 31, 2025, the mineral resource structure adjustment of the Malaysia Sokor project includes a total of 1,195,000 ounces of gold and a total of 5,105,000 ounces of silver

Stocks to Watch on Tuesday | Lianhe Zaobao