STI dips 0.4% as investors are concerned about war and inflation

Businesstimes News
2026.04.24 10:35
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Singapore stocks fell on April 24, with the Straits Times Index (STI) down 0.4% to 4,922.86, influenced by geopolitical tensions and inflation concerns. Yangzijiang Shipbuilding rose 3.8%, while UOB dropped 2.4% after declaring a dividend. Other banks like DBS and OCBC also saw declines. UMS Integration led gains in the iEdge Singapore Next 50 Index, increasing 8.1%. Overall, gainers outnumbered losers 313 to 281, with STI down 1.6% for the week. Regional indices showed mixed results amid cautious investor sentiment.