<div id="readability-page-1"><div><p>[SINGAPORE] Singapore stocks ended higher on Thursday (May 7), in line with gains elsewhere in the region.</p><p>The benchmark Straits Times Index (STI) gained 0.3 per cent or 14.58 points to finish at 4,941.96.</p><p> Hongkong Land  led the gainers on Singapore’s blue-chip index, rising 9.2 per cent or US$0.73 to US$8.70.</p><p>The worst performer among STI constituents was  Sembcorp Industries , which fell 2.3 per cent or S$0.15 to S$6.41.</p><p>The three local banks ended mixed.  DBS  was flattish, rising 0.02 per cent or S$0.01 to S$58.86.  UOB  gained 0.1 per cent or S$0.05 to S$36.70, while  OCBC  finished 0.5 per cent or S$0.12 lower at S$21.88.</p><p>Within the iEdge Singapore Next 50 Index,  Hong Leong Asia  was the top gainer, rising 6.3 per cent or S$0.19 to S$3.22.</p><div><div><h3>Navigate Asia in<br/>a new global order</h3><p>Get the insights delivered to your inbox.</p></div></div><p> Sheng Siong  was the index’s biggest decliner, falling 2.6 per cent or S$0.08 to end the session at S$3.05.</p><p>Across the broader market, gainers outnumbered losers 416 to 225, after 2.1 billion securities worth S$2.7 billion changed hands.</p><p>Key regional indices were positive. Hong Kong’s Hang Seng Index rose 1.6 per cent, Japan’s Nikkei 225 gained 5.6 per cent, South Korea’s Kospi was up 1.4 per cent and the FTSE Bursa Malaysia KLCI advanced 0.1 per cent.</p><div><div><div><p>SEE ALSO</p><div><div><div><div><p><img height="4975" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/9cfa4e765a1ac04911bef47c2eaa4f8feb0a3fdc4ddd461814b1f9c605ee0d45/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="6648" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/9cfa4e765a1ac04911bef47c2eaa4f8feb0a3fdc4ddd461814b1f9c605ee0d45/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>Japan’s Nikkei roars past 62,000 on earnings, Middle East optimism; JGBs rally</span></h3><p></p></div></div><div><div><div><p><img height="1334" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/59584176fc5e7b79fcc1e93d6b17c6a13f4e4fbe4b74717d29cc4dbf26832ee1/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="2000" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/59584176fc5e7b79fcc1e93d6b17c6a13f4e4fbe4b74717d29cc4dbf26832ee1/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>S&amp;P 500 and Nasdaq notch records; AMD results spark AI stock rally</span></h3><p></p></div></div><div><div><div><p><img height="3599" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/f808223419e76ac19ec84bba83318749d16d1a31d539cc4dbf8c1b36e682dcb3/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="5398" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/f808223419e76ac19ec84bba83318749d16d1a31d539cc4dbf8c1b36e682dcb3/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>Fragile Philippines battered by oil shock as Iran war hits Asia</span></h3><p></p></div></div></div></div></div></div><p>Phillip Securities Research analyst Paul Chew noted that the energy shock from the Middle East has largely impacted emerging markets. </p><p>“Consumer spending will be under pressure from rising energy and food costs. It will be a headwind for the consumer and the telecommunications industry,” he added.</p><div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. <span>Sign up here to get Decoding Asia newsletter.</span> Delivered to your inbox. Free.</p></div></div></div>

<p>Singapore stocks rose on May 7, with the Straits Times Index (STI) up 0.3% to 4,941.96. Hongkong Land led gains, rising 9.2%, while Sembcorp Industries was the worst performer, down 2.3%. Local banks had mixed results: DBS was flat, UOB gained slightly, and OCBC fell. The broader market saw 416 gainers versus 225 losers, with 2.1 billion securities traded. Regional indices also performed well, with Hong Kong's Hang Seng up 1.6% and Japan's Nikkei 225 up 5.6%. Analyst Paul Chew noted rising energy costs could pressure consumer spending.</p>

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Singapore stocks rise, tracking regional gains; STI up 0.3%