<div id="readability-page-1"><div><p>[SINGAPORE] Singapore stocks fell on Monday (Apr 27), weighed down by the trio of local lenders, which all closed lower.</p><p>The benchmark Straits Times Index (STI) shed 0.6 per cent or 30.13 points to 4,892.73.</p><p> Hongkong Land  led the gainers on the blue-chip barometer, rising 2.4 per cent or US$0.18 to US$7.84. </p><p>The index’s worst performer was  Keppel , which dropped 5.2 per cent or S$0.60 to S$10.95 as it traded ex-dividend. </p><p>All three local banks ended the day in negative territory.  DBS  lost 0.2 per cent or S$0.11 to S$56.79;  OCBC  was down 0.5 per cent or S$0.11 at S$21.60; and  UOB  dropped 0.3 per cent or S$0.10 to S$35.90.</p><p>Across the broader market, losers outpaced gainers 341 to 265 after two billion securities worth S$1.9 billion changed hands.</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>Over on the iEdge Singapore Next 50 Index,  Yanlord Land  was the top gainer, rising 6 per cent or S$0.04 to S$0.71.  China Aviation Oil  was the index’s biggest decliner, falling 3.6 per cent or S$0.08 to S$2.15.</p><p>Regional markets were mixed. Japan’s Nikkei 225 rose 1.4 per cent, and South Korea’s Kospi gained 2.2 per cent. Meanwhile, Hong Kong’s Hang Seng Index and the FTSE Bursa Malaysia KLCI each edged down 0.2 per cent.</p><p>Fresh March industrial production data showed that Singapore’s factory output rose 10.1 per cent year on year, beating a Bloomberg consensus forecast of 6 per cent.</p><div><div><div><p>SEE ALSO</p><div><div><div><div><p><img height="1093" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/d5913bf3c5d6c80f489c337ba048203ffccbe25e3d5ff8570b2e08616223576b/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1600" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/d5913bf3c5d6c80f489c337ba048203ffccbe25e3d5ff8570b2e08616223576b/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>Singapore’s manufacturing output beats forecasts in March, but chemicals decline signals emerging Iran war risk</span></h3><p></p></div></div><div><div><div><p><img height="3407" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/91cf7b45aa28b8246fb6e47179c1eff984aa90bca41a5715953f49f59acab781/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="5183" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/91cf7b45aa28b8246fb6e47179c1eff984aa90bca41a5715953f49f59acab781/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>Safe-haven flows, no Q1 Fed cut support positive earnings outlook for DBS, OCBC, UOB: analysts</span></h3><p></p></div></div><div><div><div><p><img height="4974" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/dd42308037cc6ff4351a88eb40b5a63d7a1d7fed743ef7b95d43518b6e8b38a4/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="7840" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/dd42308037cc6ff4351a88eb40b5a63d7a1d7fed743ef7b95d43518b6e8b38a4/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>STI dips 0.4% as investors are concerned about war and inflation</span></h3><p></p></div></div></div></div></div></div><p>OCBC chief economist Selena Ling said that while the latest print showing that output “remains resilient”, the “prolonged US-Iran war and the broadening of the oil supply shock to other sectors like global petrochemicals, airlines and logistics (are) beginning to take a toll on real economic activities”.</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 April 27, with the Straits Times Index (STI) dropping 0.6% to 4,892.73, primarily due to declines in local banks. DBS, OCBC, and UOB all closed lower. Hongkong Land was the top gainer, while Keppel was the worst performer. Across the broader market, losers outnumbered gainers. Regional markets showed mixed results, with Japan's Nikkei 225 and South Korea's Kospi rising, while Hong Kong's Hang Seng Index fell. Singapore's industrial production rose 10.1% year-on-year, exceeding forecasts, but concerns about the US-Iran war and oil supply shocks persist.</p>

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Singapore shares fall, dragged by banks; STI slips 0.6%