--- title: "Singapore stocks fall, bucking regional trend; STI down 0.3%" type: "News" locale: "en" url: "https://longbridge.com/en/news/282984346.md" description: "Singapore's Straits Times Index (STI) fell 0.3% to 5,007.83 on April 16, despite positive regional trends. Mapletree Logistics Trust rose 1.6%, while Singtel dropped 1.8%. Local banks also declined, with DBS down 0.7%, OCBC down 1%, and UOB down 0.2%. Overall, gainers outnumbered losers 397 to 219. In contrast, regional indices like Hong Kong's Hang Seng and Japan's Nikkei saw gains amid optimism for a resolution in the Middle East conflict, contributing to a rally in US stocks." datetime: "2026-04-16T10:50:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282984346.md) - [en](https://longbridge.com/en/news/282984346.md) - [zh-HK](https://longbridge.com/zh-HK/news/282984346.md) generator: "portal-rs" --- # Singapore stocks fall, bucking regional trend; STI down 0.3% \[SINGAPORE\] Stocks on the local bourse closed lower on Thursday (Apr 16), despite a positive regional performance and growing optimism that the US and Iran will extend their ceasefire to continue negotiations. The benchmark Straits Times Index (STI) lost 0.3 per cent or 13.37 points to finish at 5,007.83. Mapletree Logistics Trust led the gainers on the blue-chip barometer, rising 1.6 per cent or S$0.02 to end at S$1.26. The STI’s biggest decliner was Singtel , which fell 1.8 per cent or S$0.09 to close at S$4.83. The three local banks ended lower. DBS lost 0.7 per cent or S$0.40 to S$57.30, OCBC fell 1 per cent or S$0.22 to S$22.66, and UOB was down 0.2 per cent or S$0.07 at S$37.52. Across the broader market, gainers outnumbered losers 397 to 219, after 2.1 billion securities worth S$2.3 billion changed hands. ### Navigate Asia in a new global order Get the insights delivered to your inbox. Key regional indices closed higher. Hong Kong’s Hang Seng Index gained 1.7 per cent, Japan’s Nikkei 225 rose 2.4 per cent, South Korea’s Kospi was up 2.2 per cent, and the FTSE Bursa Malaysia KLCI advanced 0.4 per cent. The region’s broadly positive showing on Thursday came amid rising hopes for an imminent resolution to the conflict in the Middle East, even as the US and Iran position for control over the Strait of Hormuz. Jose Torres, senior economist at Interactive Brokers, pointed out that the US stock market’s record-breaking rally has continued, driven by renewed hopes for peace in the Middle East. SEE ALSO ### Middle East war hangs over Europe as earnings season kicks off ### Asia markets advance on peace deal hopes, corporate earnings ### US stocks: S&P 500, Nasdaq push to closing records on optimism around Middle East talks, earnings This has propelled tech stocks to their 11th consecutive day of gains, he noted. The S&P 500 and Nasdaq, meanwhile, rose to record closing highs. “Despite speculative enthusiasm thriving in the past several weeks, much of the same concerns from then remain front and centre today,” said Torres. “But the fear of missing out brought investors into the market as soon as any semblance of potential Middle East peace appeared.” Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free. ### Related Stocks - [STI.SG](https://longbridge.com/en/quote/STI.SG.md) - [O39.SG](https://longbridge.com/en/quote/O39.SG.md) - [U11.SG](https://longbridge.com/en/quote/U11.SG.md) - [D05.SG](https://longbridge.com/en/quote/D05.SG.md) - [M44U.SG](https://longbridge.com/en/quote/M44U.SG.md) - [Z74.SG](https://longbridge.com/en/quote/Z74.SG.md) ## Related News & Research - [UOBKH cuts STI target, downgrades banks on prolonged Middle East conflict](https://longbridge.com/en/news/299129561.md) - [UOB commits S$500,000 to equip 1,000 children from lower-income backgrounds with AI skills](https://longbridge.com/en/news/299301400.md) - [Mapletree secures long-term lease for Oosterhout DC1 logistics facility in Netherlands](https://longbridge.com/en/news/299295050.md) - [Singaporeâs covered bond boom is largely a DBS story](https://longbridge.com/en/news/299102310.md) - [More SMEs successfully build sustainability capabilities under DBS, Enterprise SG programme](https://longbridge.com/en/news/299036948.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**