--- title: "Daily Debrief: What Happened Today (Jul 9 )" type: "News" locale: "en" url: "https://longbridge.com/en/news/292184902.md" description: "Markets brace for oil price spikes as US-Iran tensions close the Strait of Hormuz. Singaporean banks DBS, OCBC, and UOB hit record highs driven by institutional inflows. Del Monte Pacific defends solvency against SGX concerns over a $787 million deficit. Gold prices rise as demand shifts to Asia. Investors monitor Johor's election for impact on cross-border growth. Singapore's competition watchdog consults on Texas Instruments' acquisition of Silicon Labs." datetime: "2026-07-09T10:31:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292184902.md) - [en](https://longbridge.com/en/news/292184902.md) - [zh-HK](https://longbridge.com/zh-HK/news/292184902.md) generator: "portal-rs" --- # Daily Debrief: What Happened Today (Jul 9 ) Stories you might have missed **As US-Iran war resumes, volatility returns to SIA, Oiltek shares** \[SINGAPORE\] As peace talks fail in the Middle East and the Strait of Hormuz – through which 20 per cent of global oil flows – effectively closes again, markets and economies are bracing for the fallout from a sustained spike in oil and gas prices. * * * **DBS, OCBC, UOB push STI to new highs as institutions pile in ahead of earnings** \[SINGAPORE\] A surge of institutional capital into the Singapore market is driving local banks into uncharted territory, with DBS : D05 +1.64% shares breaching the S$70 threshold for the first time. * * * **Del Monte Pacific defends solvency after SGX flags US$787 million deficit** \[SINGAPORE\] Del Monte Pacific has defended its ability to remain a going concern, pushing back against regulatory concerns over its working capital deficit and thin cash reserves. * * * **Gold’s epicentre is shifting to Asia, with prices buoyed by regional demand: analysts** \[SINGAPORE\] Asia is emerging as the new centre of gravity for the global gold market, with resilient regional demand supporting bullion prices as Singapore and Hong Kong strengthen their gold trading infrastructure. * * * **As Johor votes, investors watch for continuity in cross-border growth push** \[KUALA LUMPUR\] Johor voters head to the polls this Saturday (Jul 11) in a high-stakes state election that analysts and industry players say is unlikely to slow the southern state’s Malaysia-Singapore growth pact. * * * **Singapore’s competition watchdog seeks feedback on Texas Instruments’ proposed acquisition of Silicon Labs** \[SINGAPORE\] Singapore’s competition watchdog has launched a public consultation on the proposed acquisition of wireless technology company Silicon Laboratories by Texas Instruments (TI). ### Related Stocks - [U11.SG](https://longbridge.com/en/quote/U11.SG.md) - [O39.SG](https://longbridge.com/en/quote/O39.SG.md) - [D03.SG](https://longbridge.com/en/quote/D03.SG.md) - [D05.SG](https://longbridge.com/en/quote/D05.SG.md) - [SLAB.US](https://longbridge.com/en/quote/SLAB.US.md) - [TXN.US](https://longbridge.com/en/quote/TXN.US.md) - [GLDW.US](https://longbridge.com/en/quote/GLDW.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [GLL.US](https://longbridge.com/en/quote/GLL.US.md) - [GOLD.AU](https://longbridge.com/en/quote/GOLD.AU.md) - [SCO.US](https://longbridge.com/en/quote/SCO.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [TXNU.US](https://longbridge.com/en/quote/TXNU.US.md) - [C6L.SG](https://longbridge.com/en/quote/C6L.SG.md) - [HQU.SG](https://longbridge.com/en/quote/HQU.SG.md) - [STI.SG](https://longbridge.com/en/quote/STI.SG.md) - [S68.SG](https://longbridge.com/en/quote/S68.SG.md) - [S59.SG](https://longbridge.com/en/quote/S59.SG.md) - [UOVEY.US](https://longbridge.com/en/quote/UOVEY.US.md) ## Related News & Research - [PRECIOUS-Gold slips as traders await US jobs data, monitor Mideast tensions](https://longbridge.com/en/news/297611866.md) - [PRECIOUS-Gold steady as investors await speech by Fed's Warsh for policy outlook](https://longbridge.com/en/news/297175967.md) - [Texas Instruments (TXN) Stock Looks Fairly Valued On Cash Flow But Rich On Earnings](https://longbridge.com/en/news/296889020.md) - [Thailand not planning any tax on gold soon, trader says](https://longbridge.com/en/news/297143800.md) - [Texas Instruments Sr. Vice President Abraham Tsedeniya sells USD 1.85 million in common shares](https://longbridge.com/en/news/297558503.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**