--- title: "Singapore stocks fall 0.6% on Wednesday as Middle East conflict enters third month" type: "News" locale: "en" url: "https://longbridge.com/en/news/284543748.md" description: "Singapore stocks fell 0.6% on April 29, with the Straits Times Index closing at 4,860.97. All three local banks declined, with DBS down 0.3%, OCBC down 0.1%, and UOB down 0.5%. UOL Group was the top performer, rising 1.4%, while Mapletree Industrial Trust dropped 4.4%. The iEdge Singapore Next 50 Index rose 0.1%. Regional markets showed mixed results, with Hong Kong's Hang Seng Index up 1.7% and South Korea's Kospi up 0.8%." datetime: "2026-04-29T10:15:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284543748.md) - [en](https://longbridge.com/en/news/284543748.md) - [zh-HK](https://longbridge.com/zh-HK/news/284543748.md) --- # Singapore stocks fall 0.6% on Wednesday as Middle East conflict enters third month \[SINGAPORE\] Singapore stocks ended lower on Wednesday (Apr 29), as the ongoing conflict in the Middle East – which began on Feb 28 – entered its third month. The benchmark Straits Times Index (STI) fell 0.6 per cent, or 26.72 points, to close at 4,860.97. Singapore’s three local banks all finished lower. DBS declined 0.3 per cent or S$0.19 to S$56.56, OCBC slipped 0.1 per cent or S$0.02 to S$21.66, while UOB fell 0.5 per cent or S$0.18 to S$35.78. Across the broader market, gainers outpaced losers 324 to 292, after 2.2 billion securities worth S$2.4 billion changed hands. Among the STI constituents, UOL Group was the top performer with a rise of 1.4 per cent or S$0.15 to S$10.77. The biggest decliner was Mapletree Industrial Trust , which dropped 4.4 per cent or S$0.09 to end at S$1.97. ### Navigate Asia in a new global order Get the insights delivered to your inbox. At an earnings briefing on Wednesday, the trust’s manager said it planned to divest S$500 million to S$600 million of assets in North America within the next two years, as part of efforts to recycle capital and expand into new markets. This came after the manager reported an 8 per cent fall in distribution per unit for the fourth quarter ended Mar 31 to S$0.0309. Meanwhile, the iEdge Singapore Next 50 Index rose 0.1 per cent, or 1.72 points, to finish at 1,533.44. SEE ALSO ### Singapore stocks slip as oil tops US$110; STI down 0.1% Within the index, First Resources was the top gainer, climbing 4.4 per cent or S$0.14 to S$3.31. Meanwhile, Hong Leong Asia was the biggest loser, declining 3.9 per cent or S$0.12 to S$2.94. Regional markets were mixed. Hong Kong’s Hang Seng Index rose 1.7 per cent and South Korea’s Kospi gained 0.8 per cent, while the FTSE Bursa Malaysia KLCI shed 0.5 per cent. 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 - [D05.SG](https://longbridge.com/en/quote/D05.SG.md) - [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) - [U14.SG](https://longbridge.com/en/quote/U14.SG.md) - [ME8U.SG](https://longbridge.com/en/quote/ME8U.SG.md) - [EB5.SG](https://longbridge.com/en/quote/EB5.SG.md) - [H22.SG](https://longbridge.com/en/quote/H22.SG.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [UOVEY.US](https://longbridge.com/en/quote/UOVEY.US.md) ## Related News & Research - [Singapore's OCBC to add 30-50 Hong Kong-based relationship managers in 2026](https://longbridge.com/en/news/286511177.md) - [DBS Bank to hire over 500 young talent in 2026 amidst AI push](https://longbridge.com/en/news/286851471.md) - [OCBC and Australian High Commission sign 5-year pact to boost SEA–Australia trade](https://longbridge.com/en/news/286195285.md) - [First condo launches in Tengah and Bayshore ignite April jump in new private home sales](https://longbridge.com/en/news/286568874.md) - [SingLand raises Novena Square stake with UOB share deal](https://longbridge.com/en/news/286835853.md)