<div id="readability-page-1"><div><p>[SINGAPORE] Singapore stocks ended lower on Thursday (May 14), as a much-anticipated meeting between Chinese leader Xi Jinping and US President Donald Trump failed to lift investor sentiment.</p><p>The benchmark Straits Times Index (STI) lost 0.2 per cent or 8.02 points to finish at 4,995.94.</p><p>Across the broader market, losers outpaced gainers 359 to 257, after 2.2 billion securities worth S$2.6 billion changed hands.</p><p> Singtel  led the gainers on Singapore’s blue-chip index, rising 1 per cent or S$0.05 to S$4.87.</p><p>The worst performer among the STI constituents was  Frasers Logistics &amp; Commercial Trust , which fell 3.6 per cent or S$0.035 to S$0.94.</p><p>The three local banks ended higher.  DBS  gained 0.4 per cent or S$0.23 to close at S$60.13,  OCBC  rose 0.3 per cent or S$0.06 to S$22.95.  UOB  was up 0.1 per cent or S$0.02 at S$37.37.</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>Within the iEdge Singapore Next 50 Index,  Pan-United Corporation  was the top gainer, rising 6.1 per cent or S$0.10 to S$1.73. Meanwhile,  ComfortDelGro  was the top loser, falling 6.3 per cent or S$0.09 to end the session at S$1.33.</p><p>Key regional indices were mixed. Hong Kong’s Hang Seng Index ended largely flat, while Japan’s Nikkei 225 index fell 1 per cent, South Korea’s Kospi was up 1.8 per cent, and the FTSE Bursa Malaysia KLCI declined 0.04 per cent.</p><p>“President Donald Trump’s arrival in Beijing felt less like a traditional diplomatic visit and more like the opening ceremony for a new phase of great power coexistence,” said SPI Asset Management managing partner Stephen Innes.</p><div><div><div><p>SEE ALSO</p><div><div><div><div><p><img height="5284" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/d40345c5e1cc5675fbc64944cd81b4428a507d0d931f216b7ce1c5ea912013ae/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="7086" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/d40345c5e1cc5675fbc64944cd81b4428a507d0d931f216b7ce1c5ea912013ae/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>Asia-Pacific banks face growing credit risks, raise provisions as Iran war drags on</span></h3><p></p></div></div><div><div><div><p><img height="508" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/b45feacf1f2733075e28a32304fb971757a1f466064f9e5e318e273fafe5a389/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="800" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/b45feacf1f2733075e28a32304fb971757a1f466064f9e5e318e273fafe5a389/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>Asia stocks climb, yuan at 3-year high as Trump-Xi summit looms</span></h3><p></p></div></div><div><div><div><p><img height="2148" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/bd831e8b91959e38af7898b0113371e6c3def181e2317507dd16db9687018e80/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="3966" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/bd831e8b91959e38af7898b0113371e6c3def181e2317507dd16db9687018e80/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>How the jet fuel supply crunch triggered by Iran war threatens summer travel plans in Asia, Europe</span></h3><p></p></div></div></div></div></div></div><p>“What markets are witnessing is not the rebuilding of trust. It is interdependence being reluctantly acknowledged,” he added.</p><p>“The world’s two largest powers are beginning to understand that economic coexistence may be ugly, uncomfortable, and deeply transactional, but outright fracture would likely detonate the very system both still depend on for growth and stability.”</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 fell on May 14, with the Straits Times Index (STI) down 0.2% to 4,995.94, as the meeting between Xi Jinping and Donald Trump did not boost investor sentiment. Losers outnumbered gainers 359 to 257, with 2.2 billion securities traded. Singtel rose 1%, while Frasers Logistics & Commercial Trust dropped 3.6%. Local banks DBS, OCBC, and UOB saw slight gains. Regional indices were mixed, with Japan's Nikkei down 1% and South Korea's Kospi up 1.8%. Stephen Innes from SPI Asset Management commented on the evolving economic coexistence between the US and China.</p>

- Singapore's stock market closed lower on May 14, as expectations around the meeting between Chinese leader Xi Jinping and U.S. President Trump did not boost investor sentiment.  
- The benchmark Straits Times Index (STI) fell by 0.2%, closing at 4,995.94, with losing stocks outpacing gainers 359 to 257, and a trading volume of 2.2 billion shares valued at S$2.6 billion.  
- Notably, DBS Bank increased by 0.4%, while Frasers Logistics & Commercial Trust was the worst performer, down 3.6%.

Trump-Xi meeting fails to lift Singapore stocks on Thursday; STI dips 0.2%