<div id="readability-page-1"><div><p>[SINGAPORE] Singapore stocks ended lower on Thursday (Jun 4), snapping a two-day winning streak as the three local banks retreated from recent highs.</p><p>The benchmark Straits Times Index (STI) fell 1.4 per cent, or 70.71 points, to 5,067.53.</p><p>This was as local banks all finished in the red.  DBS  fell 1.4 per cent, or S$0.91, to S$64.14,  OCBC  lost 2.2 per cent, or S$0.53, to S$24, and  UOB  slipped 1.3 per cent, or S$0.49, to S$38.31.</p><p> Mapletree Logistics Trust  was the top performer among the STI constituents, rising 0.9 per cent, or S$0.01, to S$1.19.</p><p>At the other end of the index,  Yangzijiang Shipbuilding  was the biggest decliner, falling 3.4 per cent, or S$0.12, to S$3.46.</p><p>Across the broader market, losers outnumbered gainers 386 to 207, after 1.6 billion securities worth S$1.9 billion changed hands.</p><div><div><div><h3>Asean Intelligence</h3><p>Get insights into businesses across South-east Asia</p><p>Get the free report</p></div></div></div><p>Regional markets were mostly weaker. Malaysia’s FTSE Bursa Malaysia KLCI gained 0.6 per cent, but Hong Kong’s Hang Seng Index fell 1.5 per cent, Japan’s Nikkei 225 declined 1.4 per cent and South Korea’s Kospi lost 1.8 per cent.</p><p>In the United States, futures pointed to a weaker open, with the global benchmark S&amp;P 500 on track to snap a nine-day winning streak after futures on the benchmark index fell 0.7 per cent.</p><p>This was as “heightening geopolitical tensions, tariff uncertainties and robust economic metrics lift inflation expectations”, wrote Jose Torres, a senior economist at Interactive Brokers, in a Thursday note.</p><div><div><div><p>SEE ALSO</p><div><div><div><div><p><img height="4002" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/ceb296970cb646f8790bdea2bfaeb0012368146f4e70e0b3a603c6919dc49e27/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="6000" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/ceb296970cb646f8790bdea2bfaeb0012368146f4e70e0b3a603c6919dc49e27/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>Singapore stocks end higher as DBS, OCBC hit fresh highs; STI up 0.8%</span></h3><p></p></div></div></div></div></div></div><p>He added: “Investors are reacting to the plethora of developments by trimming equities across the four major benchmarks and most of the Magnificent Seven names, although eight of the 11 principal stock sectors are gaining after the Nasdaq 100 briefly hit a fresh record in the first five minutes following the opening bell (on Jun 3).”</p><p><strong>This article has been written with the assistance of AI and reviewed by a reporter</strong></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>

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<p>Singapore stocks retreated on June 4, ending a two-day winning streak as the Straits Times Index fell 1.4% to 5,067.53. The decline was driven by losses in local banks DBS, OCBC, and UOB. Regional markets were mostly weaker, with Hong Kong, Japan, and South Korea seeing declines. US futures also pointed to a lower open, influenced by geopolitical tensions, tariff uncertainties, and rising inflation expectations.</p>

Singapore stocks retreat as bank sell-off snaps STI’s two-day winning streak