Singapore shares opened flat on Monday, before slipping into negative territory, pressured by geopolitical uncertainties, ongoing earnings season caution, and a broader regional decline sparked by tech sector concerns.
The Straits Times Index edged up to 5,415.67 from Friday's close of 5,415.53.
Broader Asian markets were weighed down by worries over artificial intelligence spending. Meanwhile, geopolitical developments remained in focus after Iran reported that two oil tankers caught fire after striking naval mines in the Strait of Hormuz.
Separately, global oil prices faced downward pressure after US President Donald Trump indicated his administration might waive certain sanctions on Russia, though no final decision has been reached.
