The Straits Times Index performed strongly, closing at 5,217 points (+0.22%). Despite heavy selling on Wall Street and in the Hong Kong market, Singapore's bank-heavy index barely moved, actually closing slightly higher. The local market has almost no direct exposure to the AI memory trade that triggered selling in the US and South Korea, so the Straits Times Index acted as a relatively safe haven. Large banks strengthened due to inflows of wealth management funds, firmly anchoring the index above the 5,000-point level.

I've been paying close attention to the movements of Singapore's three major bank stocks recently, they're very impressive 👍