<div id="readability-page-1"><div> By Amanda Lee <pre></pre> Shares of two major Singaporean lenders DBS Group and Oversea-Chinese Banking Corp. hit record highs as investors bet on fewer Federal Reserve rate cuts and the strength of the banks' wealth management business. DBS's shares climbed as much as 1.05% to a record 61.40 Singapore dollars, equivalent to US$48.01, on Tuesday while OCBC shares gained 0.8% to briefly touch an all-time high of S$23.22. DBS and OCBC were both recently 0.6% higher. The banks' shares are fundamentally driven by U.S. inflationary pressures, which could mean higher-for-longer U.S. interest rates, said CGS International analyst Tay Wee Kuang in an email. Expectations for Fed rate cuts have been falling as the Middle East conflict sends up fuel prices as well as U.S. inflation. That in turn has been pressuring up Singapore's benchmark interest rates, which tracks U.S. rates. Both the 10-year Treasury yield and the two-year yield were recently close to their highest levels since February 2025. Tay said the recent rise in the benchmark interest rate in Singapore is lifting expectations for stronger net interest income for the banks. Singapore's benchmark rate rose to as high as 1.4% in recent weeks from the low of 0.8% last month and is currently around 1.1%, Tay said. The banks' stocks are also on a tear after their strong first quarter earnings, which were supported by their wealth management businesses. Banks like DBS could continue to benefit from funds flowing into Singapore amid rising geopolitical tensions in the Middle East, analysts said. OCBC's latest acquisition of HSBC Holdings' wealth management and retail banking business in Indonesia, should also help OCBC grow its fee-based business, S&amp;P Global Ratings analysts said in a recent note. <pre></pre> Write to Amanda Lee at amanda.lee@wsj.com <pre></pre> (END) Dow Jones Newswires May 19, 2026 00:30 ET (04:30 GMT)Copyright (c) 2026 Dow Jones &amp; Company, Inc.</div></div>

華僑銀行

星展集團控股

星展集團控股和華僑銀行的股票創下歷史新高，因為市場對美聯儲降息的預期減弱。星展集團控股的股價上漲 1.05%，至 61.40 新元，而華僑銀行上漲 0.8%，至 23.22 新元。分析師將此歸因於美國的通脹壓力和新加坡基準利率的上升，這增強了淨利息收入的前景。兩家銀行都報告了強勁的第一季度業績，財富管理部門的表現尤為突出，華僑銀行收購滙豐在印度尼西亞的業務預計將進一步推動增長

DBS, OCBC Shares Hit Record Intraday Highs as Expectations for Fed Cuts Fade

MorningStar

由於對美聯儲降息的預期逐漸消退，星展集團控股和華僑銀行的股價創下了盤中歷史新高