Singapore Market Likely to Remain Volatile -- Market Talk

Dow Jones03-12 11:08

0308 GMT - The Singapore market is expected to remain volatile following a sharp correction recently due to rising Middle East tensions, higher oil prices and the latest U.S. jobs data, UOB Kay Hian analysts write in a report. "We expect volatility to remain elevated in the coming weeks, especially as the U.S.' insistence on influencing Iran's leadership transition raises the risk of prolonged conflict," the brokerage says. "Any sustained U.S. military presence in Iran would likely extend the war, amplifying geopolitical and market instability," it adds. UOB KH has a year-end 2026 FTSE Straits Times Index target of 5400. The STI is 0.5% lower at 4837.49.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

March 11, 2026 23:08 ET (03:08 GMT)

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