0605 GMT - The worst-case scenario for Singapore's equity market is "panning out" in the Iran conflict, Phillip Securities Research's Paul Chew says in a commentary. The Strait of Hormuz is effectively closed, energy markets are rattled, and tanker shipping rates have jumped, the research head notes. "Asian economies will be negatively impact[ed], with a crude oil reliance from the Gulf as much as 90% for Japan," Chew adds. Tactical trades or hedges against a worsening tail risk include oil and gas service providers like Marco Polo Marine, shipyards such as Seatrium, equipment makers, rig owners, tanker owners, gas trading companies and commodity producers, he adds. The FTSE Straits Times Index falls 2.2% to 4740.59. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 09, 2026 02:05 ET (06:05 GMT)
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