Singapore stocks near record high as war fuels haven status

Bernadette Toh & Marcus Wong / Bloomberg04-13

The Straits Times Index is broadly unchanged from the beginning of the war, compared with a 4.9% drop in MSCI’s Asian gauge. (April 13): Singaporean stocks are close to reclaiming their record high, ...

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(April 13): Singaporean stocks are close to reclaiming their record high, ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/singapore-economy/singapore-stocks-near-record-high-war-fuels-haven-status?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore stocks near record high as war fuels haven status</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore stocks near record high as war fuels haven status\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-13 01:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/singapore-economy/singapore-stocks-near-record-high-war-fuels-haven-status?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Bernadette Toh & Marcus Wong / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Straits Times Index is broadly unchanged from the beginning of the war, compared with a 4.9% drop in MSCI’s Asian gauge. (April 13): Singaporean stocks are close to reclaiming their record high, ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/singapore-economy/singapore-stocks-near-record-high-war-fuels-haven-status?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1620156130.USD","symbol_name":"BNP PARIBAS AQUA \"C\" (USD) ACC","start_time":0,"source_url":"https://www.theedgesingapore.com/news/singapore-economy/singapore-stocks-near-record-high-war-fuels-haven-status?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2627456113","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/singapore-economy/singapore-stocks-near-record-high-war-fuels-haven-status?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2627456113","pubTimestamp":1776015894,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The Straits Times Index is broadly unchanged from the beginning of the war, compared with a 4.9% drop in MSCI’s Asian gauge. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1620156130.USD":"BNP PARIBAS AQUA \"C\" (USD) ACC","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","LU2413665964.HKD":"BNP PARIBAS AQUA \"C\" (HKD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","MAS":"马斯科","LU1596574779.USD":"BNP PARIBAS AQUA \"C\" (USDHDG) ACC","LU1165135440.EUR":"BNP Paribas Aqua Classic Cap EUR","LU1543694498.USD":"法巴水资源基金RH MD Dis","LU1721427968.SGD":"BNP PARIBAS AQUA \"CRH\" (SGDHDG) INC","LU2413666004.HKD":"BNP PARIBAS AQUA \"CRH\" (HKDHDG) INC","BK4588":"碎股","LU1620156213.USD":"BNP PARIBAS AQUA \"C\" (USD) INC","BK4086":"建筑产品","EWS":"新加坡ETF-iShares MSCI","BK4585":"ETF&股票定投概念"},"translate_title":"战争助长避险地位，新加坡股市接近历史新高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EWS":1.5,"MAS":1},"content_text":"The Straits Times Index is broadly unchanged from the beginning of the war, compared with a 4.9% drop in MSCI’s Asian gauge. (April 13): Singaporean stocks are close to reclaiming their record high, with the country’s assets seen as a haven in the face of global volatility.\nEquities in the city-state have suffered the least in the region since the outbreak of the Iran war in late February sent global energy prices soaring. They’re on the cusp of being the first major Asian market to reclaim new highs since, aided by the Singapore dollar’s outperformance versus Southeast Asian peers.\nThe US and Iran failed to reach a deal over the weekend, and President Donald Trump said the US will begin a full naval blockade of the strategic Strait of Hormuz, setting the stage for a renewed bout of global market turmoil.\nSingapore has a couple of factors in its favour. One, its Equity Market Development Programme, created last year, is expected to pour in billions of dollars to boost valuations and appeal to investors. Two, the composition of Singapore’s main stock index adds to the appeal, with high dividend-paying stocks such as DBS Group Holdings and Oversea-Chinese Banking Corp making up more than 40% of the gauge.\n\n“The relative strength of the Singapore dollar offers safe-haven status” to local equities, said Daniel Lau, a fund manager at Eastspring Investments in Singapore. The EQDP efforts offer valuation support amid the global uncertainty as well, he said.\nThe Straits Times Index is broadly unchanged from the beginning of the war, compared with a 4.9% drop in MSCI’s Asian gauge. Asian stocks are still nearly 5% away from erasing the losses from the conflict.\nThat said, the city-state’s stock market has underperformed Asian stocks this week after a ceasefire announcement triggered a relief rally globally. The region’s rebound, led by technology stocks, has brought Taiwan’s stock market close to surpassing its previous record — and an end to the war might bolster gains for tech, putting Singapore at a relative disadvantage.\nStill, analysts bet that further strength in the currency could provide a platform for more gains as geopolitical uncertainties drive investors to chase diversification. The Singapore dollar may get a boost from a possible tightening by the Monetary Authority of Singapore (MAS) at its meeting on Tuesday — likely via increasing the appreciation of the Singapore dollar against the basket of currencies of its main trading partners.\n“Singapore is at the intersection between safe-haven flows — especially amid Middle East uncertainties — and domestic liquidity drivers brought about by market reforms and a construction boom,” said Thilan Wickramasinghe, head of research at Maybank Securities. “This is supporting Singapore equities to buck the trend compared to global equities.”\nUploaded by Liza Shireen Koshy","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2627456113","isCrawlerRequest":true}