---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000979562.md"
description: "Why Are  Singapore Banks Up on Tuesday?🌟🌟🌟The rebound in Singapore banks today is primarily a relief rally tracking global market developments as well as bargain hunting after a heavy selloff last week.The Primary Catalysts Driving the Rally:The Wall Street Rebound and Geopolitical Relief:Global market sentiment dramatically improved overnight after US stock indices surged more than 2%.  A major driver was the de-escalation of immediate Middle East tensions, after US President Trump signaled diplomatic paths forward rather than fresh military escalations.Plunging Energy Costs:Global crude oil prices tumbled nearly 6% with Brent Crude Oil settling around USD 92 a barrel.  This steep drop allayed fears of global inflation worries.  It also gives central banks more breathing room and boosting equity markets across the Asia Pacific.Bargain Hunting After Earnings Selloff:Having endured an aggressive selloff, investors saw a buying opportunity.  $DBS(D05.SG)is up over the SGD 70 psychological mark.  $OCBC Bank(O39.SG)is even better with 3.14% jump .  Meanwhile $UOB(U11.SG)is also slightly up at 1.36% to SGD 37.38.New Central Bank Gold Vaulting Service:  The MAS announced a new Central Bank Vaulting Service and tax exemptions for wholesale gold markets.  Our 3 local banks are among the 6 founding clearing banks anchoring this new financial framework.Concluding Thoughts Last week's earnings selloff wasn't a structural breakdown.  It presents a great opportunity to bargain hunt these bank stocks at a discount.The message from the market is loud and clear:  the post Deepavali bounce marks the defining moment to shake off the holiday lethargy and get back into the market before the bargain window slams shut.@Captain Leo"
datetime: "2026-11-10T10:47:10.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000979562.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000979562.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000979562.md)
author: "[koolgal](https://longbridge.com/en/profiles/2074993385495678976.md)"
generator: "portal-rs"
---

# Why Are  Singapore Banks Up on Tuesday?🌟🌟🌟The rebo…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**